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

This will drop gold to $1,000: Credit Suisse pro

Posted on 12 February 2014

Gold is enjoying a great start to 2014, hitting a three-month high on Tuesday as it notches its first five-day win streak since August. But Credit Suisse’s gold expert cautions against overstating the significance of the move.
In fact, he says that if the economy gets through its recent “soggy patch,” gold could fall all the way to $1,000 this year. “The fund flows that we’ve seen so far this year have been more short covering than new money coming in and adding to longs,” said Credit Suisse’s head of precious metals research, Tom Kendall……………………………………….Full Article: Source


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