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

You can see $1,900 gold by October end, if QE history repeats: Deutsche Bank

Posted on 22 October 2012

After QE1 and QE2, gold prices rallied for up to 50 trading days and by around 15%. If it repeated today, this would imply gold prices rising to $1,900/oz by the end of October, said Deutsche Bank, the Germany’s largest bank, in a weekly commodities report.
Global gold prices ended lower for the second week in a row. The most-active December gold contract on the Comex division of the New York Mercantile Exchange settled at $1,724 an ounce, down 2% on the week………………………………………..Full Article: Source


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