| Despite having slightly upped his 2016 gold forecast, the London Bullion Market Association’s 2015 top forecaster says not too get too excited. Natixis ’ precious metals analyst Bernard Dahdad, whose 2015 forecast was within $1 of the average gold price last year, said he expects prices to average around $990 an ounce, up just 2% from his previous call of $970.
“If you asked me back in November, I was slightly more bullish on the U.S. economy and the Fed rate hikes,” he told Kitco News in a telephone interview Friday. He said he expects the Federal Reserve to hike rates at a slower pace, which should slightly support gold prices...............................................Full Article: Source
|