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Deutsche Bank Sees Gold Surging as High as $2,000 as Soros Pares His Bets
Investors including George Soros and John Paulson invested in gold as the metal surged over the past year amid a sovereign debt crisis in Europe, economic turmoil in the U.S. and civil unrest in the Middle East. Photographer: Junko Kimura/Bloomberg
May 10 (Bloomberg) — Michael Yoshikami, who oversees $1.1 billion as chief investment strategist at YCMNet Advisors in Walnut Creek, California, talks about global stocks and commodities. Yoshikami also discusses bonds, the U.S. economy, and BYD Co.’s plan to list shares on the Shenzhen exchange. He speaks from Singapore with John Dawson on Bloomberg Television’s “First Up.” (Source: Bloomberg)
Gold, which reached a record on May 2, may surge a further 30 percent by January as investors seek to protect themselves from “economic uncertainty,” according to Deutsche Bank AG.
“I’m bullish on gold despite its current levels,” Hal Lehr, Deutsche Bank’s managing director for cross-commodity trading, said in an interview in Buenos Aires. “It could reach $2,000 an ounce in the next eight months.”
Investors including George Soros and John Paulson invested in gold as the metal surged over the past year amid a sovereign debt Read more…
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