J.P Morgan: Gold to trade above $1,400/oz in 2011
Oct 8th, 2010 11:38 by News By Sue Chang
October 08, 2010 (MarketWatch) — J.P. Morgan Chase & Co. revised its outlook for metal prices in 2011 and now sees gold trading “consistently” above $1,400 per ounce next year compared with an average of $1,250 previously forecast.

… The upward revision in prices is due to expectations that “the probable escalation of quantitative easing and potential ‘currency wars’ will lead to a marked devaluation of paper assets,” metal strategist Michael Jansen wrote in a report issued overnight.