Gold prices could 'easily reach $2,500 this year' - Jeff Clark on precious metal breakout

While central bank buying has been supportive of gold prices, interest rate cuts later this year could send the metal higher, said Jeff Clark, editor of the TheGoldAdvisor.com. In early May Clark spoke to Kitco Mining at Deutsche Goldmesse in Frankfurt, Germany. Gold has hit several all-time highs this attributed to strong central bank buying. "This could be a banner year for central bank gold buying," said Clark. "In my humble opinion, that is not why the gold price is h...