Gold forecast from BNP, lower due to Fed hikes

A piece from BNP says analysts there are bearish on gold due to a stronger USD expected as the Federal Reserve hikes rates

BNPs gold forecast

• An average price of USD1,245 for Q2 of 2017


• $1220 for 2017 as a whole on average


• $1120 for 2018 as a whole on average
  


• BNP hedge that demand may increase on European political uncertainty though


• Longer term trend remains down though
  

On the Fed:

• Expect a total of 3 Federal Reserve hikes this year


• And more over the coming year, says market is too complacent on the potential 2018 hikes also

Gold forecast from BNP, lower due to Fed hikes
Gold forecast from BNP, lower due to Fed hikes
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