Gold Buying Confronts Threat of Bear Market

Bloomberg reported that gold bugs are buying as analyst predict $2000 prices.

As quoted in the market news:

The bank was joined by Goldman Sachs Group Inc., Morgan Stanley and Barclays Plc in urging investors to buy in December and January. Now, after gold fell 10 percent in a four-month slide through May, they say prices will rebound this year or next as the Federal Reserve shores up the world’s biggest economy by easing monetary policy and devaluing the dollar.

Click here to read the full Bloomberg report.