02.03.2015 - Analysts see gold price recovery ahead
Analysts are warming up, albeit cautiously, to gold after more than three years of falling prices that put the great majority of Canadian gold exploration companies in the deep freeze. CIBC World Markets senior economist Peter Buchanan is predicting an uptick this year to $1,300 US from $1,200 in 2014, and a modest gain to $1,325 in 2016. Scotiabank’s Commodities Price Index, taking note of last year’s price drop, has suggested that physical demand for the metal is recently bolstered by “general economic uncertainty.” ..............................................Full Article: Source
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