| The gold price is likely to see a stronger potential for recovery in 2015 despite the prospect of rising US rates, a report from ANZ Bank forecasts. The bank forecasts gold price to average $1,238 per ounce next year, about 3.5 percent higher than the current spot gold price at $1,197 per ounce.
Continuing recovery in Chinese physical gold demand will help to sustain higher gold prices, given that subdued import levels during the second half of 2014 likely indicates a run-down of stocks from previous years. “The pullback in demand over the past three quarters should put demand on a better footing through 2015,” said ANZ Bank’s analyst Vicor Thianpiriya...........................................Full Article: Source
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