How high could gold go if it replicates last year's run? The figure will astound you | Metals Mine

  • How high could gold go if it replicates last year's run? The figure will astound you

    From fool.com.au

    The gold analysts at RBC Capital Markets had a slight problem – the price of gold blew past their upside projections within weeks of the year's start. The team have therefore had another look at the forces driving the price of the precious metal higher, and has calculated how high gold could go if it replicated last year's record-breaking performance. They said around their initial forecast: "Our call has been that gold would trade mostly in the US$4500-5000/oz range this year with upside risk mostly in H2 and allowing for it to trade as high as US$5203/oz on average in Q4 in our high scenario. Reaching above ... (full story)

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