Two precious metals are bound to climb even higher and notch notable thresholds, according to Newedge USA.
Physical demand from Asia is going to be a significant driver since it serves as an asset haven during troubled economic times, according to Mike Frawley, global metals head, who also noted both gold and silver will be in demand from Asia.
The timing of Frawley's prediction is notable in that earlier this week, gold futures touched the notable benchmark of $1,600 per troy ounce for the first time. Analysts attributed the climb to debt woes plaguing the U.S. and member nations of the European Union.
Euro zone finance ministers convened in Brussels on Thursday to discuss the sovereign debt crisis, MarketWatch reports. Two nations that take lead roles are Germany and France since their economies are considered the euro zone's healthiest and most robust.
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