A recent World Gold Council report concludes that "China's gold market development is solid, on-going and for the long term."
Articles Tagged "gold outlook"
Dr. Jeffrey Lewis, editor and publisher of Silver-Coin-Investor.com, published an article in which he questions the silver and gold price predictions from analysts at large investment banks, commenting that such outlooks "become focal points for a sector and often seem to carry with them some form of self fulfilling prophecy."
Bloomberg reported yesterday that UBS AG (NYSE:UBS) has increased its 2014 gold price forecast to $1,300 per ounce, $100 higher than its previous target of $1,200. However, in 2015, the bank still thinks the metal's price will average $1,200.
Bloomberg reported that even though 2014 has brought gold's best start to the year since 1983, the two most accurate gold price forecasters are holding to their bearish outlooks for the year.
Earlier this week, The Financialist published an infographic that states that according to Credit Suisse Group AG (NYSE:CS) analysts, gold may fall as low as $1,000 per ounce in 2014.
Mineweb reported that CPM Group's Jeffrey Christian believes gold may hit $1,320 in February or March and could rise as high as $1,900 in the next eight to 10 years.
The quant who produces Trader Tracks newsletter tells The Gold Report that the technical charts project a brightening future for precious metals. Technical market analyst Roger Wiegand tracks annual trading cycles while keeping an expert eye on potentially disruptive world events. He is a stickler for fundamentals, though, when it comes to picking out the best juniors for safe bets in a cash-poor industry.
In a historic — and horrendous — week for gold, buyers of the precious metal have snapped up physical gold at a torrid pace. But can they win out against the army of investors and traders that have lost faith in gold and are dumping it en masse?
Gold's steep declines have left many gold investors unsure what to do.
Many are concerned about gold's role in the current risk-on environment. The WGC weighs in.