#Gold: Seems that the big banks are becoming increasingly bearish. Here are some #2022 forecasts (ht #HeinzIsler):
Deutsche Bank: "Despite still high inflation gold seems unlikely to have a good 2022. We forecast a price of US$ 1'750 per ounce at end-December
2022."
Deutsche Bank: "Despite still high inflation gold seems unlikely to have a good 2022. We forecast a price of US$ 1'750 per ounce at end-December
2022."
Credit Suisse: "Gold price forecast XAU/USD at risk of tanking to US$ 1'561 on a breach of 1'691."
ABM: "2022 could be a disaster as they see gold prices falling 16% seeing gold prices falling to US$ 1'500 an ounce by the end of next year....
ABM: "2022 could be a disaster as they see gold prices falling 16% seeing gold prices falling to US$ 1'500 an ounce by the end of next year....
...and dropping to US$ 1'300 an ounce by the end of 2023."
Natixis: "In its precious metals forecast for 2022 Natixis expects an average gold price of US$ 1'630 an ounce."
UBS: "Gold could retreat to the US$ 1'500-US$ 1'600 per ounce level."
#gotgold #contrarianplay
Natixis: "In its precious metals forecast for 2022 Natixis expects an average gold price of US$ 1'630 an ounce."
UBS: "Gold could retreat to the US$ 1'500-US$ 1'600 per ounce level."
#gotgold #contrarianplay
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