Large-scale policy easing by the U.S. Federal Reserve and European Central Bank positions gold as a useful hedge against global macro and inflation risks taking the commodity to $2000/oz levels, said Bank of America Merrill Lynch in a report that provides for 2013 outlook for global economic front.
BofA Merrill Lynch analysts outlined nine other macro calls on which they are basing their 2013 outlook………………………………………..Full Article: Source