In a report titled "The Fed can't print gold," commodity analysts at the Bank of America Corp raised their bullish stance on the yellow metal, saying that it could hit $3,000 an ounce within 18 months. The bank's previous 18-month target
Experts are of the view that weakness in the rupee is likely to support the prices of both the precious metals in the domestic market. Investors can look at buying Gold on dips for a target of Rs 46,000 per 10 gm.
India Gold June futures fell on May 8 tracking muted trend seen in international spot prices, but experts feel that the yellow metal is still a buy on dips for a target of 46600 per 10 gm.
Gold prices if compared to the prices in 1980-82 should rise soonGold has nothing to do with QE tapering. When Fed announces QE3 it was trading near All Time high of $1920 in 2011 and Since then if fell below $1200 till December 2013 despite F...