| BMO Capital Markets looks for a seasonal pullback in gold that could end up providing a bargain-hunting opportunity. The bank has upped its 2016 average gold-price outlook by 12% to $1,175 an ounce and silver outlook by 5% to $14.69.
“We expect seasonality to moderate precious-metal prices from current levels through Q2,” BMO says. “Our view – take profits.” The bank later adds, however, that any seasonal weakness “may offer a healthy opportunity to establish positions at more attractive valuations.”..............................................Full Article: Source
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