India Ratings and Research (Ind-Ra) has reiterated its negative outlook on gold for FY ’16. According to latest gold price forecast report released by Ind-Ra, the movement in gold prices, on either side, will be largely dependent on interest rate hike decision by the US Fed.
The latest gold and silver price forecast report released by Mitsubishi Materials Corporation- one of the world’s largest materials companies warns that the sell-off in gold is likely to continue amid expectations surrounding a possible US interest rate hike. Meantime, spot Silver prices could drop to as low as $10 per Oz, hitting multi-year lows.
So, it will be 100 years on Dec. 23 since the Federal Reserve was born. The purpose in 1913 was to form a regulatory body to help stem the tide of bank failures in the United States of America. How has it done?
CPM Group- the global commodities research and advisory firm thinks that gold is currently at its cyclical bottom. The prices could see sharp rise between 2016 and 2023. Fresh all-time highs may be seen only after 2016. Until then, the gold prices could remain range bound between $1240 and $1500 per troy ounce.
As Lawrie Williams writes below, bank analysts appear to be totally reactive in their forecasts, therefore it is worth paying attention to those who have spent a long time not only analysing these markets but also been in them for significant periods.
Wholesale prices in Asia and London for physical gold slipped again Thursday morning, dipping back below $1,300 per ounce as politicians in Washington mulled a short-term fix to avoid the $17 trillion debt ceiling triggering a government default in one week's time.