BOA MERRILL LYNCH – GOLD TO HIT US$ 2´400 IN 24 MONTHS

As mentioned in last week´s Update, bankers are joining the “gold bandwagon”. After Deutsche Bank and a number of Central Bankers, the analysts at Bank of America have added their piece of new-found “wisdom”.

In their special report on the topic, they state that gold prices will reach $2,400 a troy ounce by the end of 2014 on the Federal Reserve´s third stimulus program, and aren´t likely to drop below $1,500 amid support from consumers in emerging markets.

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