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Gold to hit $2,000 in 2012 - Deutsche Bank

Posted on 12 August 2011

Deutsche Bank maintained its 2012 gold price target of $2,000 an ounce with a bias towards even higher prices, saying the precious metal would benefit from the low interest rates in the United States.
“We believe the main beneficiary of super low interest rates in the United States, a weak U.S. dollar, a view that central bank holdings in the U.S. dollar are still excessive and ongoing questions over the stability of the financial system will be gold,” the investment bank said……………………………………….Full Article: Source


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