| The gold bugs may be in for some disappointment if the U.S. economy’s soft patch real is temporary and Federal Reserve Chairman Ben Bernanke doesn’t have to conjure up another few hundred billion dollars worth of bond purchases.
The commodities research team at Bank of America Merrill Lynch has been on the gold bandwagon since setting a $1,500 price target in 2008, but commodity strategist Francisco Blanch said Tuesday that the best gains are in the rearview mirror and a cyclical peak is likely in the cards as the U.S. interest rate cycle starts to change..............................................Full Article: Source
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