Meanwhile, PIMCO portfolio manager sees $2,000 gold in 6 to 12 months
"The overwhelming trend in monetary policy -- and I think this is something that's extremely important over the next year or so -- will be expansionary, and increasingly so, and I think increasing in breadth in the sense that you're not even just looking at the Fed," Deutsche Bank metals researcher Daniel Brebner tells Bloomberg in an Oct. 15 interview.
"You're looking at the [European Central Bank], certainly, and the [People's Bank of China], and I think on that basis you're going to see investors increasingly looking at gold
as a way to diversify their portfolio. I think it's underheld at this current point in time, and so I think gold continues to look very attractive. And this is in the context of almost a year of corrections. ... Things are starting to look very interesting." However, Brebner thinks that $2,000 gold
could correct, especially before the U.S. election, before reaching $2,000 in the first quarter of 2013.
In a separate interview
, Pacific Investment Management Co. (PIMCO) portfolio manager Greg Sharenow told Bloomberg that gold
could hit $2,000 in the next six to 12 months.Watch Video