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

Gold to hit historic highs in 2013 on Fed QE, but its 11-year rally is in jeopardy

Posted on 18 December 2012

Gold has divided the analyst community through this volatile 2012, with some, like Goldman Sachs, calling for the end of its decade-long rally, while others expect it to average $2,000 an ounce by the end of next year. There’s one thesis that has built consensus, though: gold is set to rally in the first half of the year as a result of the Fed’s latest round of quantitative easing, possibly to fresh all-time highs.
Gold has always been a divisive asset class, sparking intense debates between gold-bugs and those that call them fear mongers…………………………………….Full Article: Source


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