| Gold Prices again fell below $1090 per ounce in London trade Thursday, heading for a 1.7% loss from last Friday's 10-week closing high as European stock markets fell hard and crude oil whipped around $30 per barrel – its lowest price since April 2004.
2016 gold prices will average $970 per ounce, says Bernard Dahdah at French investment and bullion bank Natixis – winner of the 2015 gold forecast competition held by trade association the LBMA – ranging between $900 and $1300. That would mark a 14% drop from last year's average, and the fourth drop in a row since gold's annual average peaked in 2012 at $1669 after 11 consecutive gains...............................................Full Article: Source
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