Sierra Gold (SGCP) Prospects Are Good as Goldman Sachs Remains Bullish on Gold
Gold prices over the past week have begun to stabilize and return to their upward trend after a $50 drop following the stock meltdown that started in the Shanghai Index. While gold prices retreated on the employment news released Friday, the price of gold did log an overall 1% gain for the week ending at $652. Goldman Sachs remains bullish on gold, with their expectations being that gold prices will breach the $725 an ounce mark in 2007, with the yearly average hovering in the range of $689. These numbers are predicated on the belief that the dollar will continue…