Gold Cheap Versus Oil Signals Bullion to Rally

Bloomberg reports that according to Credit Suisse Group AG, gold, trading near a record high, will outperform oil.

The market news is quoted as saying:

“We see potential for gold to outperform oil over the coming months,” Stefan Graber, Zurich-based analyst with Credit Suisse, said in an e-mailed interview yesterday. “We think an ounce of gold could potentially buy a few additional barrels of oil. This assessment is based on our positive view on gold versus a neutral view on the oil market.”

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