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Gold Rally Could Reach $1,400: CEO

Wednesday, 18 Nov 2009 | 2:20 AM ET

Investors are moving out of paper gold and into physical gold due to increased risk aversion, James Turk, chairman and founder of GoldMoney, told CNBC Wednesday. "In this current run I think you're going to see 1,200 to 1,400 (dollars per troy ounce) by the end of this year and next year I think it's going to continue," he said.