10.10.2016 - Gold likely to average $1,320 an ounce in Q4
Citi Research analysts remain skeptical of a gold -market rally into year-end, reiterating their call for the precious metal to average $1,320 an ounce in the fourth quarter. Looking ahead, Citi Research believes several structural price drivers appear challenged. Stable mine supply coupled with subdued Asian retail demand cap price expectations. Investment demand has been the clear outlier to this trend as ETF (exchange-traded-fund) holdings curbed three years of net disinvestment; however, inflows appear to be stalling..............................................Full Article: Source
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