GOLD TARGET $1250/oz for 2008

Gold likely to rise in the coming session. Gold is benefiting from inflationary pressure and weakening dollar and ongoing geopolitical tensions, buoyant oil prices and credit crisis in the mortgage sector of US. Fed keeps on lowering rates from 5.25% to 3% so far. Expect 2.5% on 18th march 2008 and further by year end up to 2%. Gold likely to hit a high of $1250 in 2008 and low might be $840 and average price $976. <<<>>>