01.04.2016 - Gold may drop below $1,200 an ounce in coming months
Gold prices are likely to slip below $1,200 an ounce in the months to come, GFMS analysts at Thomson Reuters said in a report on Thursday, with U.S. interest rates expected to rise and physical demand remaining soft. The metal has rallied more than 16 percent this year, reaching a 13-month high of $1,282.51 an ounce this month, but may struggle to maintain those gains, the report said. "Following three consecutive years of annual price declines, gold has recorded a blistering start to 2016," GFMS said in its Gold Survey 2015. "Such an impressive performance has been largely attributed to a reduction in risk appetite among investors and fresh interest in safe haven assets."..............................................Full Article: Source
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