By Moming Zhou
Last update: 8:26 a.m. EDT Oct. 14, 2008
NEW
YORK (MarketWatch) -- Gold prices could hit $1,500 as global plans to
rescue the financial industry are set to increase inflation pressures,
according to analysts led by Francisco Blanch at Merrill Lynch. "The
unintended consequence of the ongoing financial bailout will be a
return of inflationary pressures to the commodity markets," wrote the
analysts in a note released Monday. The analysts didn't say when gold
would hit the price target. They also predicted oil prices will rise to
$150 a barrel.
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