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Gold Must Exceed $2,000 to Be Considered in a Bubble, Deutsche Bank Says
Jan. 11, 2011 01:33PM PST
Precious MetalsBloomberg reports that Gold would have to exceed $2,000 an ounce to be considered in a bubble.
Bloomberg reports that Gold would have to exceed $2,000 an ounce to be considered in a bubble.
The market news is quoted as saying:
Gold will “perform strongly” on investor demand and low real interest rates in the U.S., Michael Lewis, London-based head of commodities research at Deutsche Bank, said in a report today. A bubble may form because investors are buying gold as a hedge against both inflation and deflation, he said.
