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BMI revises gold price forecast for 2017 to $1 300/oz

Posted on 17 November 2016

BMI Research has revised its forecast gold price for 2017 downwards to $1 300/oz, from the previously anticipated $1 400/oz. This, after Republican candidate Donald Trump was elected the next President of the US, resulting in a sharp decline in gold prices.
“We see limited room for a rebound over the coming weeks,” the research firm said in its short-term view, noting that global bond yields have broken higher and look set to continue gaining as market expectations for economic growth, inflation and interest rates are repriced for a Trump Presidency………………………………………..Full Article: Source


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