We offer in this article a comprehensive overview of different forecasts and predictions for the price gold in 2015.
We have selected 6 bullish gold forecasts and predictions for gold in 2015, and 9 neutral to bearish stances towards gold in 2015.
Bullish forecasts and predictions for gold in 2015
According to George Gero of RBC Capital Markets, gold is set to reverse its trend in 2015. During a CNBC interview for “Futures Now” he observed: “The decline from the $1,900s down to the $1,150s is a major decline, and it was reflected by all the funds fleeing gold and running into better-performing assets, whether it’s equities or debt, and that’s been continuing. In 2014, gold hasn’t been helped by the dollar’s rally. The greenback has shown serious strength against other currencies, which has reduced gold’s attractiveness. After all, since gold is priced in dollars, an increase in the value of a dollar means a decrease in the value of an ounce of gold. Additionally, since people buy gold to hedge against potential inflation, ebbing inflation fears dull gold’s appeal.”
Jeffrey Nichols, Senior Economic Advisor to Rosland Capital, says that 2015 promises to be a good year for gold investors. While the near-term price outlook remains uncertain, he feels fairly confident that gold will be considerably higher at this time next year – and on its way to new historic highs in the years ahead.
Marc Faber predicts the gold price might rise to $3,648 by 2018 and the gold price might rise to $7,829 by 2023, driven by money supply and the monetary base.
Source Gold Silver Worlds
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