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Gold prices are headed to pre-QE days: Credit Suisse

Posted on 25 June 2013

As the sell-off in gold continued into Monday morning, analysts told CNBC that investors need to re-examine their expectations of the gold market and that prices are likely to fall to levels before the Federal Reserve opted for unlimited bond-buying.
“You need to re-examine your expectations for the gold market if you’re long - you need to stop thinking in terms of crisis and start thinking about where gold was pre-crisis,” Tom Kendall, director and head of precious metals research at Credit Suisse, told CNBC on Monday………………………………………..Full Article: Source


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