-
Natixis sticks with $4,600 gold target as central banks prepare to ramp up buying
Although gold has corrected sharply from its record highs above $5,500 an ounce, one precious metals analyst says the pullback has done little to alter the market's long-term bullish fundamentals, maintaining that prices can still end the year around $4,600 an ounce. In an interview with Kitco News, Bernard Dahdah, Precious Metals Analyst at Natixis, said he has deliberately resisted the temptation to chase market swings, leaving his year-end forecast unchanged even as gold has retreated to around $4,100 an ounce. "My forecast for the end of the year is $4,600," Dahdah said. "When we were at $5,500, people were ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Andreas Steno Larsen and Mikkel Rosenvold are back to tackle one of the biggest questions in markets right now: have central banks misread the macro backdrop? The duo breaks down why inflation may be falling faster than policymakers expect, whether investors are once again wrong on oil, and what the latest developments in the Middle East mean for energy ...
From miningweekly.com | 5 hr ago
JPMorgan said demand for gold from key sectors would not be as strong as it had expected, limiting the rise in gold prices this year to $4 300/oz in the third quarter and $4 500/oz in the fourth quarter. The bank said the risks to its forecast skew to the downside, given possible early interest rate hikes by the U.S. Federal Reserve if data were to come in ...
Spot Gold (XAUUSD) closed at $4,175.70 for the week ending July 3, up $87.31 or +2.14%. The weekly high reached $4,195.51. Gold sold off early in the week before Thursday’s June payrolls data reversed the action and produced the first weekly gain in about a month. Gold has been selling since the January highs with inflation fears and a hawkish Fed keeping ...
