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Hedge Fund Manager Sees $1,400 Gold By 2017

Posted on 25 October 2016

Gold prices are expected to push past $1,400 an ounce in 2017, according to one billion-dollar hedge fund. In a recent interview with Bloomberg, Mark Mobius, executive chairman of Templeton Emerging Markets Group – which has assets under management of more than £1.6 billion — said that he could see gold prices rallying 15% in 2017 as he expects the Federal Reserve to keep interest rates low next year.
“The Fed is going to increase the rates by a little bit but not excessively and there is no guarantee that a rise in interest rates will put people off. A lot will depend on the real rates,” said Mobius, in the interview, on the sidelines at an event in Mumbai, India…………………………………..Full Article: Source


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