Gold Price Forecasts: Frederic Panizzutti

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.

Frederic Panizzutti

MKS (Switzerland) S.A., Geneva

Gold: Range: $1,120 – $1,380

Average: $1,272

In 2017, we expect new and different factors to drive the gold price. The newly elected US President, the forthcoming France and Germany presidential elections, and the new nationalist and populist governments in the US, and possibly in Europe, could change the order of international relations and trade, but also lead toward protectionist measures and trigger Brexit-like discussions. These uncertainties could result in increased political and geopolitical tensions, and more market volatility until a new global equilibrium is reached. These factors should provide enough support to gold and offset the impact of a possibly strengthening US dollar on the back of FOMC decisions. The official sector shall continue to be a net buyer of gold. We are expecting gold to moderately strengthen on the back of safe-haven buying.

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