Tags: gold | decline | forecast | Deutsche Bank

Deutsche Bank: Gold May Need to Fall to as Low as $1,050

Thursday, 18 Apr 2013 09:40 AM

Gold may need to fall to as low as $1,050 an ounce to bring its valuation versus other commodities such as oil and copper back to historical averages, Deutsche Bank AG said.

“In our view, what had been a reliable source of positive returns for the past 12 years has ended,” Michael Lewis, an analyst at Deutsche Bank in London, said in a report dated Thursday.

Gold for immediate delivery was at $1,394.04 an ounce at 11:49 a.m. in London.

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Gold may need to fall to as low as $1,050 an ounce to bring its valuation versus other commodities such as oil and copper back to historical averages, Deutsche Bank AG said.
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2013-40-18
Thursday, 18 Apr 2013 09:40 AM
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