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Main » 2016 » March » 31 » Whether gold will fall
Whether gold will fall

Gold may fall more than 7% to $ 1,130 by September - a forecast gives the managing partner of CPM Jeffrey Christian - for AMarkets materials.




The forecast from Goldman Sachs the yellow metal - $ 1,100 in the near future. This year, the metal rose by 21% to a 13-month high of - $ 1284.64 (data of March 11). February gold has slowed growth and broad market index S & P500, on the other hand, began to pull up. Everything looks so that investors are becoming less pessimistic - closed positions in gold and back into shares.

Jeffrey Christian said that the second and third quarters of 2016 will be held under the banner of investors returning to riskier assets. This favorable statistics from the US. Analysts at Societe Generale SA are also bearish against the gold price dynamics, suggesting that the metal will drop to $ 1075 per ounce in the 4th quarter.

Morgan Stanley, by contrast, raised its forecast for the metal, expecting that in the 3rd quarter gold will be near the mark of $ 1150 - but it is, of course, lower than the current prices. Yet Jeffrey Christian of CPM expects that, despite the fall in the year, the metal at the end of the 4th quarter will grow to $ 1280- $ 1300.

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