Gold Price Target Is $1,520 - Pepperstone Group

From kitco.com

Gold price trends should continue with a target of $1,520 in the medium-term, said Chris Weston who heads research at Pepperstone Group. “If this case plays out that we see this central bank easing to the extent that the swaps and rates markets are pricing, and I think you’d be looking at those 2011 lows at around $1,520 [an ounce] as your 12-month, 15-month price target,” Weston told Kitco News. In 2011 gold started the year above $1,500 and broke through $2,000. Weston said that gold still needs to find support before a sustained uptrend can be confirmed. “We’ve got this break out of the March 2016 trend. ... (full story)