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DG365FD46564GFH654FU898 TD Securities was the latest firm to raise its gold price forecasts, and now expects the yellow metal to climb “well above” $2,000 per ounce in the coming months. In its report, the firm addressed the recent weakness in gold by stating that “Despite the very gold -favourable macroeconomic environment, concerns surrounding the European sovereign debt crisis and a generally bullish sentiment, the yellow metal has dropped sharply from its September 7th high of nearly $1,924/oz to trade sideways near the $1,850/oz territory recently." TD nonetheless remained quite positive on gold, noting that “We are bullish on the yellow metal.
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