China Mineral Company Analyst Predicts $1600-1700 per ounce in 2011

Amidst growing concerns about major global economies, inflation, and an increase in gold demand, China Mineral Company, LTD expects gold to reach $1400 per ounce in February.

Greg Kelly of China Mineral Company reports that the recent surge in consumption of gold in China will not only help to raise the price of gold but is set to soon surpass India as the world's largest buyer and seller of gold.