Gold expected to peak at $1 500/oz this year – Thomson Reuters

MIA BREYTENBACH on MINING WEEKLY | 25 January 2018

“Gold prices are expected to average $1 360/oz and hit a 2018 peak of more than $1 500/oz later this year, according to research firm Thomson Reuters GFMS, which published its fourth-quarter Gold Survey on Thursday.

The firm noted that the survey’s forecast discounts three federal fund rate hikes and that “a potential overheating from the effect of the new tax reform could lead to more aggressive tightening, limiting gold’s upside”. ”

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