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BOFA says $1,500-$2,000 gold price feasible long term

Posted on 22 June 2011

BofA Merrill Lynch said an investment demand required to sustain gold prices in a range of $1,500-2,000 per ounce could be feasible in the next five years.
The brokerage believes investment has had a critical influence on the gold market and investor buying is the key to its long-run supply and demand balances……………………………………….Full Article: Source


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