| Gold has been the biggest outperformer among all asset classes this year. Amid dismal global growth outlook, bullish sentiment for the gold remains intact with precious metal experts predicting that the yellow metal would rise 10 per cent short-term as they expect it to close in on 1,500 per troy ounce by end of this year, and eventually hitting 5,000 by 2020.
Gold, which has been the biggest outperformer among all asset classes this year, up 26 per cent, is now headed for 1,500 per ounce while silver will overshoot to 30 per ounce with the global economic growth now expected to be slower at three per cent in 2016, versus 3.4 per cent at beginning of year, the global research team at Bank of America Merrill Lynch said...............................................Full Article: Source
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