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

Banking giant predicts gold price collapse

Posted on 30 April 2013

ABN Amro, the Dutch state-owned banking giant, recently revised its global macro and gold outlook, forecasting a $1,300 gold price by the end of this year.
Moreover, the bank forecasts $1,000 gold by December 2014, and $800 gold in 2015. Why? “The authorities — especially in Europe — have acted to reduce systemic risks and inflation is going down rather than up. . . Other assets will become increasingly more attractive as the growth outlook improves.”……………………………………….Full Article: Source


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