31.03.2009 - RBC predicts ‘significant volatility' in gold prices
From Mineweb.com: RBC Capital Markets forecasts the gold price will continue to be volatile "offering an attractive buying opportunity for gold stocks on pullbacks into periods of weak demand in Q2/09 and early Q3/09." Meanwhile RBC is maintaining its average gold price forecasts of $850/oz for this year, $875/oz for 2010, and $900/oz long-term. Key catalysts for gold are expected to be seasonal demand trends; speculative and investment flows; emerging market flows and scrap gold sales; and U.S. dollar impact.....Full Article: Source