24.10.2012 - $3,000 and $5,000 gold," Bank of America says
As gold prices hit a 2012 record of $1,787.40 per ounce on Friday, Bank of America Merrill Lynch analysts said the precious metal could soar to $3,000 or even $5,000 over the longer-term. "We will be focusing in on gold. Ultimately we think gold can trade between $3,000 and $5,000 an ounce going forward," MacNeil Curry, head of foreign-exchange and rates technical strategy at BAML, told CNBC's "Worldwide Exchange." "Certainly not within the next few months, but on a long-term basis we are on a well-defined uptrend, and we have got more to run before that runs its course." (Press Release)
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