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Surge in Gold Prices - Bank of America Forecast

Bank of America is optimistic on the growth of U.S and thus it sees bullishness in stock prices.

As per financial analyst Michael Widmer who works with Bank of America, he has forecasted that gold will push up above $2,000-per-troy-ounce and time period is just one year.

His bullishness on gold prices stems from following statement as prodced bverbatim

"We believe the trajectory of U.S. gross domestic product growth will be critical for gold prices," states a Bank of America report. The reason for the increase is that "economic activity in the U.S. will slow from current levels, with the Fed likely announcing another round of quantitative easing in the second half 2012, which would be bullish for gold."  

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