Add price alert

Gold Price Forecasts: Matthew Turner

Published by Kirke Sööt in category Financial news on 22.05.2017
Gold price (XAU-EUR)
2222,50 EUR/oz
+ 7,57 EUR
Silver price (XAG-EUR)
28,16 EUR/oz
- 0,12 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.

Matthew Turner

Macquarie Bank, London

Gold: Range: $1,075 – $1,400

Average: $1,216

Gold is at a crossroads. One possibility is that 2017 will be last year on steroids – huge political risks, wobbly growth, the Fed foiled again. Another is a more growth-friendly US government, which means, this time, it really is different, and real interest rates and the dollar have further to run (with the nightmare a potential spike in the US currency from tax adjustments). A third is a bit of both, and inflation becomes the key driver. We lean to this scenario, but it will take time, and therefore expect gains to be more of a second half 2017/early 2018 thing.

You might also like to read