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Reuters Research Says Gold to Rebound in 2016

Posted on 27 January 2016

Gold demand fell 2 percent last year, GFMS analysts at Thomson Reuters said on Tuesday, but is set to recover in 2016 as U.S. rate hikes arrive more slowly than expected, while concerns over economic growth and yuan weakness stimulate Chinese buying.
In 2016 GFMS sees gold prices, currently near $1,100 an ounce, recovering to above $1,200 an ounce by year-end, and averaging $1,164 an ounce in the full year. Gold demand is expected to grow by 5 percent this year, it said. Chinese consumers concerned about a falling yuan eroding their wealth may seek gold as an alternative store of value, GFMS said………………………………………..Full Article: Source


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