Capital Economics - We remain happy with our long-held view that Gold price will climb to $2,000 per ounce.
Capital Economics - "The recent announcements of additional stimulus in the euro-zone, China and the US might prove to be a turning point for the global economy, thus justifying and even extending the recovery in commodity prices. However, there are still serious doubts over the substance and ultimate effectiveness of these policy measures. Unless the economic data rapidly improve, the gains in oil and industrial metals prices are unlikely to be sustained. The only clear winner is gold (...) we remain happy with our long-held view that the price of gold will climb to $2,000 per ounce."
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Comment by SunB on September 16, 2012 at 12:07pm -
Ok,given that gold will climb to 2000. But then what? In your opinion, will it stay there or there will be a massive correction before the US election? Many Thanks.
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Comment by Francesc Riverola on September 17, 2012 at 8:33am -
Dear SunB... above I did not expressed my opinion but Capital Economics... I will dig in more research from them to try to answer your questions... let me buy a few days to find an answer
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Comment by Francesc Riverola on September 17, 2012 at 2:26pm
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Dear SunB... maybe this helps you to answer your questions: http://www.forexstreet.net/profiles/blogs/j-p-morgan-forecasts-rate...
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