| The gold price will end next year at $1,250, with the negative impact of the US interest-rate rises in the second half of the year likely to keep prices above $1,100, Commerzbank said. “We expect the gold price to remain under pressure initially in the first half of next year on the back of growing speculation about increasingly imminent interest rate hikes in the US,” the bank said.
“The gold price is likely to bottom out at the onset of the cycle of rate hikes in the second quarter,” it added. Spot gold was last around $1,200 per ounce, down significantly from a 2014 peak of $1,388 in March and up from four-year lows at $1,131.60 in November...............................................Full Article: Source
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