Credit Suisse goes positive on gold

With the steady drizzle on gold’s parade, it’s nice to see something positive come out of one of the big international banks.  Credit Suisse is calling for gold to hit $1400 an ounce by the end of the year citing ––

a) “surprise” low real rates of return (something we’ve emphasized in past posts + articles),

b) “waning strength in the U.S. dollar” (which we have yet to see),

c) dovish monetary policy (which is commonly misinterpreted as hawkish) and

d) the “probability of a disruptive geopolitical event”

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