A revised gold forecast: To US$1820 by year end (prior $1580)
One for the gold traders, via Credit Agricole weekly note
- The low interest rate environment coupled with global central banks focusing on liquidity provisions is likely to keep hard assets such as gold attractive.
- We have revised our forecast profile higher.
- We now expect gold to end the year at 1820 (prev. 1580) and to trade closer to 1880 (prev. 1570) by the end of next year.