Gold Rally To Extend Into 2011, Fear Persists
Monday, July 26, 2010
A poll of 55 analysts and traders showed expectations for gold prices in 2011 have risen by nearly 7 percent to a median $1,228 an ounce, from a forecast of $1,150 in a similar survey conducted in January.
For 2010, expectations for gold have risen by 4 percent to a median $1,197.00 an ounce from $1,150.50 in January, when market watchers were forecasting prices to rise this year before plateauing in 2011.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...