Gold Price Escalation Continues

RENO, NV (Mineweb.com) --Standard & Poor’s credit analysts have forecast that gold prices will continue to escalate through 2006 and 2007, while base metals demand will remain strong for at least several quarters.

Nevertheless, the analysts also suggested that while fundamentals remain sound for most metals, “some significant risks exist” including an unanticipated drop in industrial production in China, large speculative positions in LME-traded metals, and mining operating cost inflation.

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