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Commodities Briefing - Categorized | Bullion/Gold, Price Watch, Research more

Low rates will back gold to at least ‘13: Goldman

Posted on 27 October 2011

Gold prices will be supported at higher levels until real interest rates start to rise, which is 2013 at the earliest, the head of commodities research at Goldman Sachs Group Inc. said Wednesday.
“No-one in this room can accurately predict when real interest rates will start to rise…we see the earliest time as being 2013,” Jeff Currie told a conference in London. “There’s still modest upside for gold, but we’re not jumping up and down pounding the table bulls as we have been in the past.”……………………………………….Full Article: Source


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