JP Morgan prediction gold prices 2011

JP Morgan prediction gold prices 2011 : JP Morgan raises its forecast of gold price from $1,800 an ounce to $2,500 for 2011 after S&P downgraded U.S. debt rating. The firm advises clients to go long commodities, namely sugar due to investment and inflation in Asia.Read gold prices prediction October 2011



The commodity markets linked to these emerging markets will stabilize relatively quickly, outperforming markets more closely tied to developed ones.



JP Morgan believes the economic conditions are closer to those of a "mid-cycle pause" rather than a cycle-ending period like 2008.