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BofA maintained its 12-month gold price target of $2,000 per ounce

Posted on 03 October 2011

Bank of America Merrill Lynch said on Thursday it maintained its 12-month gold price target of $2,000 per ounce set in August, even after the recent correction in prices.
“It is worth noting that falling quotations were not accompanied by substantial outflows from physically backed exchange traded funds particularly in recent days. Hence, the correction was not necessarily driven by a broad-based reassessment of fundamentals,” the investment bank said in a note to clients……………………………………….Full Article: Source


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