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Gold Price Forecasts: William Adams

Published by Kirke Sööt in category Financial news on 01.05.2017
Gold price (XAU-EUR)
2189,01 EUR/oz
- 39,28 EUR
Silver price (XAG-EUR)
28,13 EUR/oz
- 1,20 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.

William Adams

Metal Bulletin Ltd, London

Gold: Range: $1,118 – $1,430

Average: $1,305

Geopolitical uncertainty is expected to increase in 2017 – a more nationalistic US President is taking the helm and there is potential for significant upheaval while Brexit negotiations get under way (especially because a hard Brexit is looking more likely). There seems to be a great deal of complacency about geopolitical risks. With ohter asset classes already at high price levels, there is a risk of corrections while geopolitical developments unfold. When investors take profits, they may well see gold as offering a relatively cheap safe haven. Last year also showed just how fiat paper money can be with India’s demonetising of 500- and 1,000 rupee notes. This may well help monetise gold further – not by states but by individuals looking to diversify their liquid wealth.

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