| The latest gold forecasts from UK-based UBS investment strategist Joni Teves open with the sentences: "We think gold has entered a new phase. Gold has likely entered the early stages of the next bull run." Teves goes on to forecast an average gold price for the year of $1,280 (up $55 from the previous forecast), which may look rather less than bullish at first sight given the current gold price in the $1,360s, but points out that the average price this year so far has only been $1,222.
Thus the new average price prediction suggests an H2 average of around $1,340 - conservative but perhaps realistic if gold sticks in the $1,350-$1,400 range for the remainder of the year...............................................Full Article: Source
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