| Bears of the precious metal are getting very rare as global uncertainties combine to lift forecasts. Just under a year ago Dutch bank ABN AMRO was even more bearish of gold than Goldman Sachs. Back then Goldman was expecting a price of $1,000 per ounce, but ABN was looking for $800 by the end of this year.
Today the metal is firmly above $1,300 – almost 70% higher than ABN’s old target price. Admittedly, the bank fairly quickly reversed its course just a few months after it made that fateful forecast. But its new target price of $1,200 was all-but immediately hit in the tumultuous early weeks of 2016...............................................Full Article: Source
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