Houston, Apr 15 (PTI) Gold prices may rise above USD 1,300 per troy ounce by 2011 on record demand from investors worried about inflation, currencies and sovereign debt, a survey by UK-based consultancy GFMS has said. Gold prices are averaging at USD 1,113 this year, up from USD 972 in 2009, and are forecast to touch USD 1,150 in the next several months, the report said. The demand sparked by investors worried about inflation and currencies should continue in 2010 and 2011 to make up for the steep fall in jewellery demand and scrap sales, says the report. But a sharp correction is in store further ahead when inflation fails to run away and the US dollar escapes a dollar-crisis as some predict, it said.

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