Stocks to Watch:

How Gold Will Surge to $1,450 an Ounce Before the End of the Year

Now watching

Next video starts in : 7 Play

How Gold Will Surge to $1,450 an Ounce Before the End of the Year

How Gold Will Surge to $1,450 an Ounce Before the End of the Year
Replay video
Up next

Investors watch Syria; Lew rewrites inversion rules; Apple's Beats go on?

Investors watch Syria; Lew rewrites inversion rules; Apple's Beats go on? Up next

Investors watch Syria; Lew rewrites inversion rules; Apple's Beats go on?

Unlock your personal NFL Now stream by signing in to NFL.com

How Gold Will Surge to $1,450 an Ounce Before the End of the Year

TheStreet.com Videos 2:42 mins

Gold prices rise on Tuesday as light trading continues during the first full week of July. Lear Capital CEO Scott Carter tells TheStreet's Joe Deaux that he expects gold to touch $1,450 an ounce this year, because he says positive headline economic data is overshadowing weaker details in the reports. Carter defends his forecast despite the June jobs report, which showed the fifth-straight month of 200,000 or more U.S. jobs added -- the first such time since 1999 to 2000. Carter says he doesn't expect second quarter gross domestic product to be as strong as economists are forecasting.

View Comments (0)