The investment banks sees a continued grind higher for the price of gold
Cites:
it expects rebound in ETF holdings to continue
U.S. late-cycle worries
negative German 10-year real rates
Central bank purchases to be support … China, Russia, Kazakhstan inflows
Three, six, and 12-month price forecasts unchanged:
- USD 1,350/oz
- 1,375
- 1,450
