Gold to hit $2000 in 2013: Gold trader

While optimism that a deal will be reached before the U.S. “fiscal cliff” kicks in at the beginning of next year has helped push down the price of gold, one gold trader believes the safe haven will remain strong and reach the $2,000 US mark in 2013.

Paul Sacks, principal gold trader at Aurum Options Strategies, says even if U.S. President Barack Obama and Republicans come to an agreement before the January 1 deadline to avert a fiscal crisis, another stumbling block is just around the corner.

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