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GOLD PRICE PREDICTIONS
Gold to go above $1,100 in 2010 - Deutsche Bank
A weaker dollar and government deficit-fueled inflation should help push the yellow metal to a new high

Posted: Thursday , 01 Oct 2009

LONDON (Reuters) -

The gold price will set a new record high next year as the dollar tumbles and inflation is fuelled by government deficits and loose monetary policy around the world, Deutsche Bank (DBKGn.DE: Quote, Profile, Research) said on Thursday.

Gold will move above $1,100 an ounce during 2010, above the record high of $1,030.80 an ounce hit in March 2008, and the dollar versus the euro will hit $1.60, a level last breached in July 2008.