Gold to Gain to $2,000 on Money Printing, Deutsche Bank Says
By Glenys Sim - Nov 14, 2012 12:08 AM PT Facebook Share LinkedIn Google +1 27 Comments
Gold will probably rally to a record above $2,000 an ounce next year as central banks ramp up stimulus to sustain the recovery, according to Raymond Key, London-based global head of metals trading at Deutsche Bank AG.
“We’ll take out $2,000, we’ll go higher,” Key said in an interview in Hong Kong, where he attended the London Bullion Market Association’s annual conference. “That’s on the view that they’ll continue to print money.”