24.03.2015 - Societe Generale trims average gold price forecast to $925 per Oz
The French Bank Societe Generale in its latest report forecasts that gold prices having given away all its early year gains is headed further lower, as dollar gains strength. SocGen expects the bear market in gold to continue further. The gold prices are likely to average at $925 per Oz between 2016 and 2019. According to the report, gold is likely to average at $1,150 per Oz during the second quarter of the year. The weakness in prices will extend to the fourth quarter, with gold prices expected to average at $1,050 per Oz. However, the full year 2015 gold price forecast has been lifted from earlier $1,025 per Oz to $1,130 per Oz mainly due to the strong rally in prices during Q1 2015...............................................Full Article: Source
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