Gold to Outperform Commodities in 2013: Bank of America

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.

To view the full Bloomberg report, click here.