"Our base-case forecast is that prices rally to peak at an average of $2,107/oz in 2014, although our modelling suggests a possible ‘super-bull’ scenario of gold prices rallying up to $4,869/oz by 2020, should current relationships between Asian demand and gold persist," the analysts wrote.
The bank said there was a "powerful relationship" between income per head in Asian emerging markets and the gold price.
Wednesday, April 13, 2011
Gold to break $2,000/oz barrier
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/8444766/Gold-to-break-2000oz-barrier.html
Labels:
Asian demand,
gold,
income growth
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