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

RBC predicts ‘significant volatility’ in gold prices

Posted on 31 March 2009

From Mineweb.com: RBC Capital Markets forecasts the gold price will continue to be volatile “offering an attractive buying opportunity for gold stocks on pullbacks into periods of weak demand in Q2/09 and early Q3/09.”

Meanwhile RBC is maintaining its average gold price forecasts of $850/oz for this year, $875/oz for 2010, and $900/oz long-term. Key catalysts for gold are expected to be seasonal demand trends; speculative and investment flows; emerging market flows and scrap gold sales; and U.S. dollar impact…..Full Article: Source


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