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

‘Gold may hit $2000/oz on negative real rates’

Posted on 07 November 2011

If real U.S. interest rates remain low, Gold eventually may top $2,000 an ounce, says Deutsche Bank. The bank looks for gold to be the most resilient of the precious metals for the time being, since others with heavier industrial uses are held back when global economic growth is under pressure.
“We view tail-event protection such as a break-up of the euro zone as sustaining private-sector demand for gold. Interestingly, despite the strong rise in gold prices this year, gold price gains have under-performed relative to the level of U.S. real interest rates.” the bank says………………………………………..Full Article: Source


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VRS - who has written 34696 posts on Opalesque Commodities Briefing.


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