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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold forecast to fall for fourth straight year in 2016: Poll

Posted on 26 January 2016

Gold is tipped to fall for a fourth straight year in 2016, a Reuters poll showed on Monday, extending 2015’s 10 percent slide, although some lost ground may be recovered next year.
The poll of 41 analysts and traders carried out by Reuters over the last two weeks returned an average gold price forecast for this year of $1,118 an ounce, the lowest annual average since 2009. ……………………………………….Full Article: Source


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