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January 12, 2015

Gold Predictions 2015

by gold-nugget

Gold Predictions 2015

gold nuggetWell, let’s face it, no one can really predict with any accuracy where the spot gold price will be by the end of 2015. Now, with that said, there is still some value with the predictions for the spot gold price in 2015 that are made by the insiders.

Who are these insiders? Well, in my opinion they are the commodity traders, commodity analyst and major banks.

Below I have listed some of the predictions for the gold price in 2015:

Commerzbank – first half of 2015 . A slight downward trend to a possible $1125. Second half of 2015. An upward trend with a predicted $1250 possible price. Also, that even when out on a limb here and predicted there 2016 gold price of $1300.

ABN AMRO Bank – this bank is predicting a further decline in the spot gold price for 2015. They feel it may even fit $925 an ounce.

The World Bank – this bank is predicting continuing erosion of the spot gold price with a predicted price of $1240 for 2015.

Goldman Sachs – is looking for a possible spot gold price of $1200 in 2015

HSBC – the chief precious metals analyst here is looking for a possible $1675 in 2015.

Citi Research – is looking for an average gold price of $1220 for 2015.

CREDIT SUISSE – this firm’s technical analysis team believes that the spot gold price could fall to $950 by the end of 2015.

RBC analyst Stephen Walker – is looking for a target gold price in 2015 of $1300 per ounce.

JP Morgan – is looking for a gold price of $1,220 in 2015.

Reuters over the last month returned an average gold price forecast of $1,225 an ounce for next year.

Reuters Poll – in October 2014 poll of 30 analyst, Reuters said that the consensus forecast was for a average gold price of $1225 and 2015.


Gold Predictions 2015

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