5
October
Deutsche sees gold above $1,100/oz in 2010
5 October 2009 Reuters
The gold price will set a new record high next year as the dollar tumbles and inflation is fuelled by government deficits and loose monetary policy around the world, Deutsche Bank said on Thursday.
Gold will move above $1,100 an ounce during 2010, above the record high of $1,030.80 an ounce hit in March 2008, and the dollar versus the euro will hit $1.60, a level last breached in July 2008.
"We are positioning for fresh highs in the gold price," the German bank said in a note, adding its gold price forecast for 2010 had been revised up more than 30 percent.
http://www.reuters.com/article/usDollarRpt/idUSL152006620091001
