BOFA Says $1,500-$2,000 Gold Price Feasible Long Term

Reuters reported that BofA Merrill Lynch sees gold demand keeping prices between $1500-$2000 in the long term.

The market news is quoted as saying:

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.

To read the full market news, click here.