| The gold price is likely to average $1,215/oz in 2015 with a forecast high of $1,340/oz and a possible low of $1,050/oz, Mitsui said in a price outlook piece Tuesday. Writing in the research analyst David Jollie said that the surprise decision by the Indian authorities to relax the 80:20 rule for gold late in 2014 was a positive for the gold market.
As such he predicts that Indian demand should increase in 2015. The 80:20 rule meant that 20% of all imports had to be reexported. This was on top of a 10% import tax, which remains in place...............................................Full Article: Source
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