| Bank of America Merrill Lynch lowered its 2015 gold and silver price forecasts, citing the current macroeconomic backdrop and "persistent headwinds" to gold and silver prices of late. The bank said it was reducing its average 2015 gold and silver forecasts by 6.8 percent and 4.6 percent, to $1,122 per ounce and $15.70 per ounce, respectively.
The bank reiterated its view that gold prices should fall below $1,000 per ounce in 2016. Continued hawkish comments from the U.S. Federal Reserve against a backdrop of falling inflation are a most notable concern, BofA said in a note dated Tuesday. The bank said it believes gold should stabilize when inflation picks up...............................................Full Article: Source
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