Gold Price Going to $1,321 this year

Gold Price Going to $1,321 this year

Gold Met Pixley sharps and sounding very bullish on the gold price in 2015, saying it was “out on a limb” to predict the yellow metal on average $ 1,321 an ounce, to reach the highest level of $ 1,450 and the lowest at $ 1,170.

Predict the expectations of minerals survey precious annual London Bullion Market Association, says Pixley sharps, which prognisticator leading gold, that while taking into account the higher interest rate in the United States already in the price, it sees lower ongoing economic growth “, prompting central banks to combat deflation by resorting inflationary pressures in H2 “.

Also expects good physical demand for gold based on the height of the US dollar, making investors to “strive for or hedge against currency debasement” in emerging currencies.

“In short, we see gold pretend they turned a corner and the influx of investors to return with a vengeance, helped by short-covering and fresh longs in the futures markets,” states expectations, which adds that gold will see resistance at $ 1,450:

“Perhaps most disappointingly, although we are unlikely to see runaway prices exceed the level of $ 1450 without any significant new and innovative products or without this type of black swan events in the economy that few of us would like it.”

Sharps Pixley prediction has gold going much higher than other recent forecasts.

Closely followed the gold market commentator Martin Murenbeeld – chief economist at Dundee Capital Markets – said on Dec. 22 that gold will average a little over $ 1,200 in the first quarter in 2015, then rise to $ 1,277 at the end of the year and above $ 1300 before Q2 2016.

Standard Bank said in a recent report that gold may average $ 1,223 an ounce in 2015, but felt earns gold in 2016 and 2017 due to “improve the dynamics of supply / demand.” The latter refers to the gold production worldwide fell 2 percent over the next 5 years, the gold market with a surplus of 322 tons in 2015 and 138 tons in 2016, before moving to a deficit of 48 tons in 2017.

Gold was torn from a week in the past week, after the sudden decision by the Swiss National Bank to end its currency Cap cornerstone of the country’s monetary policy. On Friday, the precious metal climbed to the top of the $ 1,282 an ounce – its highest level since the end of August, and earn more than 5% during the week. Gold is trading now around $ 140 in addition to near the lowest level in four years hit early November.

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