The Street: How Gold Will Surge to $1,450 an Ounce Before the End of the Year

Source: The Street

By Joe Deaux

Gold prices rise on Tuesday as light trading continues during the first full week of July. Lear Capital CEO Scott Carter tells TheStreet's Joe Deaux that he expects gold to touch $1,450 an ounce this year, because he says positive headline economic data is overshadowing weaker details in the reports. Carter defends his forecast despite the June jobs report, which showed the fifth-straight month of 200,000 or more U.S. jobs added -- the first such time since 1999 to 2000. Carter says he doesn't expect second quarter gross domestic product to be as strong as economists are forecasting.