Gold prices are expected to do slightly better in 2015 as the yellow metal still faces some headwinds, says analysts at Macquarie Research. On Wednesday, the Australian-based bank released their gold price forecast for 2015, only slightly revising their 2014 outlook. The bank expects gold prices to average about $1,255 an ounce this year, up from the 2014 average of $1,250. The analysts expect gold to be stronger in the second half of the year, estimating an average of $1,310 in the fourth quarter. Although demand remains strong in China and India, they say that investor interest will remain week. “Our gold forecast is little changed from previous, with moderate appreciation expected as investors continue lowering their expectations of long-term U.S. interest rates,” they say.
