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Gold price above $2,000 or below $1,000 unsustainable – BofA

Mineweb | June 22, 2011 | 2:02 pm Precious Metals Gold Silver 

BofA Merrill Lynch said an investment demand required to sustain gold prices in a range of $1,500-2,000 per ounce could be feasible in the next five years.

The brokerage believes investment has had a critical influence on the gold market and investor buying is the key to its long-run supply and demand balances.

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