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‘Scope for gold at $2,400′ on US monetary policy

Posted on 13 December 2012

“We have a six-month [gold price] target of $2,000 an ounce, but see scope as well for prices to rise to $2,400 an ounce by the end of 2014,” says the 2013 outlook from Bank of America Merrill Lynch metals strategists this morning, in contrast with the Goldman Sachs gold forecast for 2014 made last week.
“These targets reflect our view that the Fed will maintain mortgage purchases until the end of 2014 and will move to buy Treasuries following the end of Operation Twist in December 2012.”……………………………………….Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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