Tags: gold | drop | prediction | Credit Suisse

Gold Seen Falling to $1,100 an Ounce in a Year by Credit Suisse

Thursday, 16 May 2013 09:05 AM

Gold will trade at $1,100 an ounce in a year, according to Credit Suisse Group AG.

“The need to buy gold for wealth preservation fell down and the probability of inflation on a one- to three-year horizon is significantly diminished,” Ric Deverell, head of commodities research at the bank, told reporters in London today.

Bullion may fall to $1,350 in the next couple of weeks, he said. Gold will trade below $1,000 in five years, Deverell said.

© Copyright 2015 Bloomberg News. All rights reserved.

1Like our page
2Share
Markets
Gold will trade at $1,100 an ounce in a year, according to Credit Suisse Group AG.
gold,drop,prediction,Credit Suisse
77
2013-05-16
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved