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

Gold may need to fall to $1050

Posted on 19 April 2013

Gold may need to fall to as low as $1050 an ounce to bring its valuation versus other commodities such as oil and copper back to historical averages, Deutsche Bank AG said. Gold may have to trade at $1050 or $1500 for this to occur, Michael Lewis, an analyst at Deutsche Bank in London, said in a report.
“In our view, what had been a reliable source of positive returns for the past 12 years has ended,” he said. Gold for immediate delivery was at $1,394.04 an ounce at 11:49 a.m. in London…………………………………….Full Article: Source


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