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Gold may rise above $2000: BNY Mellon

PUBLISHED ON: November 14, 2011 | Duration: 4 min, 30 sec

  
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Michael Woolfolk, currency strategist at Bank of New York Mellon, believes the gold could rise well above the $2000 an ounce. He adds that much of it will depend upon the performance of US dollar and global growth. He expects dollar to drop by 10 per cent and global growth to be above consensus.
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