| The gold price will end 2015 in a range of $1,250-1,300 per ounce as long as any US interest rate rises are modest, ETF Securities said. Higher rates look highly likely after the end of quantitative easing (QE) in the US and the reinvigoration of the economy. Rates have has been near-zero since December 2008.
The outlook for gold is especially uncertain, ETF Securities said in a note on Monday. “Ordinarily, a positive economic environment, in which some major central banks will likely raise interest rates, will be a gold negative scenario. However, there are a number of events which could drive a surprise increase in the price,” it added...............................................Full Article: Source
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