10.02.2015 - Geopolitics trump fundamentals in 2015, likely bull year for gold price: MKS
Geopolitics and the market's view of risk, rather than fundamentals, will push the price of gold higher this year, according to Swiss refiner MKS. Speaking at this year's Richcomm Commodities Outlook in Dubai Sunday, CEO of MKS in Dubai Frederic Panizzuti said the market's reaction to the possibility of a renewed euro crisis, fallout from the Russia-Ukraine standoff, as well as interest rate hikes in the US, will all add to gold's appeal as a safe haven for investors in 2015. "We have put fundamentals aside in our gold outlook for 2015," Panizzuti said. "Geopolitics, the perception of risk and even emotional risk from investors are the main drivers this year."..............................................Full Article: Source
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