Thursday 26 November 2015

Gold prices set to recover from 5-yr lows in 2016 – HSBC

Gold will finally bounce back in 2016 after repeatedly hitting five-year lows in recent months, HSBC said in a report on Wednesday. The bank sees gold averaging US$1,160 this year, US$1,205 next year, US$1,300 in 2017 and US$1,325 over the long term. It predicts a wide gold price range of US$1,025-US$1,275 for 2016.

No comments:

Post a Comment