Analysts Expect Gold To Remain Strong Ahead Of ECB Volatility
(Kitco News) – Safe-haven demand helped gold prices end the week at its highest level since early September and according to most analysts, ongoing volatility should continue to support gold in the upcoming shortened trading week.
TD Securities: Bullish Technical Signals Could Push Gold To $1,300
Following this week’s gains in the gold market, TD Securities says they see an opportunity for the metal to test $1,300 an ounce in the coming weeks.
Detour Gold’s 2015 Production Guidance Achievable – CIBC
Detour Gold Corp.’s (TSX:DGC) 2015 gold production guidance of 475,000 to 500,000 ounces of gold, at all-in sustaining cash costs between $1,050 to $1,150 per ounce, is an achievable target, says Canadian bank CIBC.
LBMA’s 2014 Gold Price Forecast Winner Shares 2015 Predictions For Metals
(Kitco News) – After winning the London Bullion Market Association’s annual award for accurately predicting the average price of gold in 2014, Switzerland-based MKS released its 2015 forecasts for precious metals prices, which they expect will garner further gains this year.
Gold Firmer, at 4-Mo. High, on Safe Haven Demand amid Market Place Anxiety
Safe-haven demand remains the feature in the gold market Friday as stock, currency and financial markets remain jittery due to several factors.
Read moreU.S. CPI Falls 0.4% In December, Core Inflation Unchanged
(Kitco News) – As expected, lower gasoline prices are easing some consumer price pressures, according to the latest data from the Department of Labor.
Read moreThe 6 PM Recap With Gary Wagner: Yodel-Lay-Hee-Hoooo!
Today will always be known as the day of the “Swiss Surprise.” The Swiss tore the cap off their franc’s valuation in a stunning move that has had traders all around the world scrambling to dump short positions they held in the currency. Some of them fled to gold, fueling a surge there of 2.4%.
Macquarie: Gold Prices To Average $1,255 An Ounce In 2015
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.
HSBC Gold Outlook: Bearish Factors May Not Be So Bearish In 2015
Although many bearish factors for gold seem to be on the horizon in 2015, HSBC said they see potential gains for the metal in the coming year.
Read moreGold Solidly Up, Hits 4.5-Mo. High, On Safe-Haven Demand Following Surprise SNB Move
(Kitco News) – Safe-haven demand was in full force among traders and investors Thursday, in the wake of surprising news the Swiss National Bank abruptly abandoned the Swiss franc’s peg to the Euro currency.
