2018 Gold Price 'Could Hit $1450'
GOLD PRICES are forecast to rise further against the US Dollar in 2018 and could peak at $1450 per ounce according to leading analysts, writes Steffen Grosshauser at BullionVault.
Launching the new Gold Focus 2018 report, precious metal consulting firm Metals Focus last week gave a bullish forecast on gold prices, built on expectations for slower US economic growth, a weaker US Dollar, and worsening volatility in world stock markets.
For the April to June quarter of this year, however, Metals Focus forecasts sideways movement in the gold price, swinging between $1290-1360 per Troy ounce before rising in an upwards range across the rest of 2018.
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