| Fitch Ratings raised its gold price assumption to $1,100/oz from $1,000/oz as uncertainty, driven by negative interest rates in parts of Europe and elsewhere, combined with reduced US rate hike expectations, have driven investment sentiment for gold in first-half 2016.
Our updated global gold price assumptions incorporate upward revisions for all forecast years, reflecting the current market price environment and evidence of price support during the forecast period. Gold prices are expected to continue to be supported by strong retail investment demand, continued central bank purchasing and global financial turmoil. (Press Release)
|