Gold to regain glitter, say bankers to the rich

Wealthy individuals should buy gold as it has become an attractive investment following last month's sharp reversal, private bankers in Asia said on Monday.

"Gold at $2,000 is absolutely, potentially on the uptrack, despite the selloff. That is sort of the immediate target," Marcel Kreis (seen here), Credit Suisse's head of private banking for Asia-Pacific, told the Reuters Wealth Management Summit in Singapore.

The $2,000 per ounce level was Credit Suisse's 12-month target, he added.

Text: Reuters

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