16.08.2016 - Gold headed to $1,500
The gold price is trading slightly higher today as another major bank joined calls that the precious metal is heading higher in the nearest future. In a report published earlier in the week, analysts at RBC Capital Markets said they are increasing their forecast for gold next year, and expect the price to reach US$1,500 which is well up from their previous prediction of US$1300, although they see prices pulling back to US$1,300 by 2020. They noted that global fears surrounding Brexit as well as expectations that the US Federal Reserve will hold off lifting interest rates this year, putting pressure on the US dollar will see the Gold price move higher...............................................Full Article: Source
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