| Metals Focus sees a more stable gold price this year despite a forecast for a wider market deficit, it said. It sees the metal averaging $1,190 in 2015 after bottoming out at $1,080, it said in a report on Tuesday, This suggests reduced volatility in the market this year, with gold currently trading around $1,180 per ounce, effectively unchanged since the start of the year.
Selling pressure will emanate from a forecast 73-percent drop in net investment in ETF holdings following a drop of 80 percent in 2014, it said. But pressure may well be limited by better prospects for gold bar sales in Asia, following a slump in demand in 2014 owing to a reversal in the Chinese market. ..............................................Full Article: Source
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