Gold News

Gold Price "Not a Bubble Below $2000"

NEW ANALYSIS by a leading gold-market expert says the Gold Price would need to breach $2000 per ounce before it could be considered a "bubble".

Michael Lewis, head of commodities research at Deutsche Bank's London office, believes the Gold Price will "perform strongly" once again in 2011, driven by investor concerns over both inflationary and deflationary risks to the global economy.

"Given these risks," Lewis says in a detailed client report, "we believe gold will continue to compete aggressively for investment capital.

"On our estimates, the Gold Price would need to move above $2000 to represent a bubble."

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