| The gold price will remain broadly flat in 2015 after a 28-percent fall last year, according to 35 bullion market analysts polled by the LBMA, but silver, platinum and palladium should rise as much as 5.6 percent. In gold, Ross Norman of Sharps Pixley is the most bullish analyst, forecasting an average price $1,321 per ounce this year, while Adam Myers of Credit Agricole the most bearish with a prediction of $950.
Averaging out the 35 forecasts, gold will trade at a mean of $1,211 per ounce and in a range of $1,085-1,356 this year, the LBMA said in its Forecast 2015 report. “Factors which are likely to restrain gold prices in 2015 include[e] the possible strengthening in the US dollar, interest rate hikes by the Fed in the second half of 2015, QE programmes in Europe and a weak oil price reducing gold’s attraction as a hedge against inflation,” it said..............................................Full Article: Source
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