Deutsche Bank (Deutsche Bank AG) on Tuesday (11) that the international price of gold exceeded $ 2,000 in order to be considered a "bubble." ETF-based investment and central banks buy gold wantonly, 2011, gold is still bullish.
Deutsche Bank head of commodities research Michael Lewis said in a report today, in view of the needs of investors and U.S. real interest rates low, gold's performance will be outstanding.
Lewis pointed out that gold may be a bubble, as investors buy gold to avoid the risk of inflation and deflation.
Lewis stressed that "to consider these risks, we believe that money poured into the gold market will continue. According to our judge, the price of gold above $ 2,000 be considered a bubble."
Expansion of emerging market economies, the Federal Reserve (Fed) to stimulate U.S. economic growth, debt crisis containment and inventory tight in Europe, these factors have contributed to pushing up commodity prices this year. He said, metals, energy and agriculture futures is to increase the risk of emerging markets and hedge against inflation pipeline.
According to Lewis's view, China's demand to support the coal, silver, soybeans and cotton prices. China is the world's largest cotton, coal, soybeans and consumer of industrial metals. He said that China's economic growth prospects remain for the better, although it may re-tightening monetary policy.