Societe Generale: We now expect gold prices to reach $6,000 per ounce by the end of the year.

PANews reported on January 26th that Societe Generale's prediction of gold prices reaching $5,000 per ounce by the end of the year has been achieved. We now expect gold prices to reach $6,000 per ounce by the end of the year, but it should be noted that this is likely a conservative estimate and prices are probably higher.