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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Research more

Reasons why silver, gold, platinum looks bullish in 2012: BofAML

Posted on 22 December 2011

Silver and Gold will likely suffer a setback this month but eventually prices may be hitting $34 and $2,000/oz respectively in 2012. Meanwhile, Platinum is likely to touch 1500/oz, said a report from Bank of America Merrill Lynch (BofAML).
Given the deteriorating outlook for global growth, BofAML is cautious on adding commodity risk. However, an upcoming recession in Europe has increased the likelihood of additional easing from the Fed, the European Central Bank and the Bank of Japan. It has also pushed back market expectations for the timing of the first interest rate hikes across Developed Markets central banks………………………………………..Full Article: Source

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