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ٹریڈنگ خبریں
17 Apr 2015
Gold targeting $1400 by 2015-end – Capital Economics
FXStreet (Barcelona) - Julian Jessop of Capital Economics, remains bullish on Gold, expecting a tight supply and safe-haven demand to lead the precious metal towards $1400 by 2015-end.
Key Quotes
“We continue to expect the gold price to climb over the next few years (our end-2015 forecast is $1,400 per ounce, well above the consensus).”
“As it happens, we do think that the Fed will raise rates a little more aggressively than the markets are currently anticipating, and that the dollar will strengthen further against other major currencies. However, there is still plenty of scope for gold to outperform, supported by tight supply, a revival of safe-haven demand, and a rebound in appetite from households in China and India.”
Key Quotes
“We continue to expect the gold price to climb over the next few years (our end-2015 forecast is $1,400 per ounce, well above the consensus).”
“As it happens, we do think that the Fed will raise rates a little more aggressively than the markets are currently anticipating, and that the dollar will strengthen further against other major currencies. However, there is still plenty of scope for gold to outperform, supported by tight supply, a revival of safe-haven demand, and a rebound in appetite from households in China and India.”