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Gold Price Forecasts: Bernard Dahdah

Published by Kirke Sööt in category Financial news on 05.05.2017
Gold price (XAU-EUR)
2417,70 EUR/oz
  
+ 9,60 EUR
Silver price (XAG-EUR)
29,35 EUR/oz
  
+ 0,30 EUR

The London Bullion Market Association (LBMA) asked 23 Gold analysts from around the world for their predictions on the average, high and low price range for the year ahead for Gold. Analysts who contributed to the Survey were invited to identify the top five drivers likely to influence the gold price in 2017. The top two drivers were the US dollar and US real interest rates, followed by demand in China and India, globaal political events and President Trump’s fiscal and International policies. Gold Stock News presents what the Analysts forecast for Gold in 2017.

 

Bernard Dahdah

Natixis, London

Gold: Range: $1,060 – $1,400

Average: $1,110

We see gold prices averaging $1,110/oz in 2017 (high of $1,400/ oz and low of $1,060/oz). We expect Fed rate hikes to have the biggest impact on gold prices (three hikes in June, Sep and Dec 2017 are expected). Ensuing outflows from physically backed ETPs are expected to weigh on prices. That said, we expect 2017 will be marked by potential geopolitical tensions and uncertainties which could slow down the pressure emanating from the Fed rate hikes. These include tensions between the US and China, a potential revision of the Iran nuclear treaty and problems in Europe (such as difficulties with the Brexit process, and surprises in the French and German elections).

 

http://www.goldstocknews.com/

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