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Gold to Outperform Commodities in 2013: Bank of America
Dec. 12, 2012 08:59AM PST
Precious Metals Investing
Bloomberg reported that Bank of America analysts expect precious metals, including gold, to outperform commodities in 2013.
Bloomberg reported that Bank of America analysts expect precious metals, including gold, to outperform commodites in 2013.
As quoted in the market report:
We expect large-scale policy easing by the Fed and the ECB should push gold prices higher,” the analysts wrote, forecasting gold prices at $2,000 an ounce for 2013 and $2,400 for the end of 2014.
