Thu, Dec 18, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Price Watch, Research more

BofA-ML raises 2014 gold price forecast citing a lack of mine supply growth

Posted on 14 July 2014

Bank of America Merrill Lynch has raised its 2014 gold price forecast, citing a lack of mine supply growth and steady demand for the yellow metal from emerging markets. The bank lifted its gold price forecast for this year by 0.8 per cent to $1,308 per ounce from $1,298, and kept its 2015 price outlook unchanged at $1,375 an ounce.
“We believe the continued monetary easing, accompanied by asset price inflation in many countries causes some apprehension that should bring investors back into the market,” BofA analyst Michael Widmer said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38515 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031