| Societe Generale looks for gold to rise moderately for the remainder of 2016 on expectations for a slow pace of Federal Reserve monetary tightening, even if the central bank hikes interest rates in December. Analyst Robin Bhar listed a fourth-quarter price average of $1,350 an ounce.
Gold has been underpinned this year by investor buying, with exchange-traded-trade fund interest spurred by a move from zero to negative interest rates in many nations, ongoing uncertainty surrounding this summer’s U.K. Brexit vote, the U.S. presidential election and concerns about a slowing Asian economy, Societe Generale said..........................................Full Article: Source
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