Relevant:
- Why the Price of Gold Will Rise 15.2% This Year
- Gold could top US$2,500 an ounce and might even hit US$5,000, says Citigroup
- Precious Metals: Fake-Rally Ends, Hostage Markets Return
- "Is the world running out of gold?" - Mainstream Catching On
- Gold price up 3% to $1,334 as the top three bullion banks go net long
2016-02-24 — bloomberg.com
The metal may remain above $1,200 this quarter and possibly into next as investors seek a haven, Oversea-Chinese Banking Corp. economist Barnabas Gan said in an e-mail to Bloomberg. Singapore-based Gan, who previously saw prices dropping to $950 at the end of the year, revised his outlook in a Feb. 19 report, and now sees a range of $1,000 to $1,150 by the end of 2016.
Gold seems to be the only market where analysts making "bullish" projections still have lower-than-current price targets. Why don't we see that for stocks, perchance? Anyways, see also: UK 'Brexit' Crisis: Gold Prices Spiking Fastest Since 2011 English Riots.
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