| Gold has traded this year in a range close to $1,200/oz. Do you expect gold to maintain this range for the rest of the year? Yes. Our 2015 outlook is $1,250/oz, and thereafter we project a flat outlook to manifest a more agnostic view on the commodity. We employ this approach as it facilitates greater correlation between cash flow expectations and our view of operational performance.
What are the factors keeping gold at $1,200/oz? We see gold demand support predominantly arising from Asia, particularly in India and China, but also note recent rhetoric from Russia outlining the potential of increasing the country’s metal inventory...............................................Full Article: Source
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