Earlier this week, analysts at Deutsche Bank published research claiming that gold should be trading at $1,700 an ounce, due balance sheet expansion at central banks. Not to be outdone, Australian bank Macquarie has come out with an even more optimistic forecast for the price of the yellow metal.
Silver Mining vs. Gold Mining: The Dynamics Explained
According to Macquarie’s commodities research team, gold should be trading at $2,000/oz. The team argues that with all the prevailing political and economic uncertainty stalking the markets, the price of gold should be around 53% higher than it is today.
Why isn’t gold worth $2,000/oz?
Why isn’t the metal worth $2,000/oz? Macquarie has three theories.
Firstly, the bank’s analysts take a page...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
