Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a650376

Gold price: a view from the globe's top forecasters

by Sarah Miloudi on Jan 14, 2013 at 10:54

It sees gold hitting a higher average over the year, of $1,790, and expects any fall in gold's price to be less pronounced.

Better off in silver?

Gains of 500% have been tipped for silver over the years ahead, with some forecasters believing will give gold a run for its money.

But Sharps' Norman said gold and silver are more likely to follow a similar path this year, given its strong run over the past 10 years, increased production and fears about the macro picture subsiding.

'We forecast a weak start to the year on US dollar firmness before good demand from industrial applicants as global IP picks up.  With its recent history of price spikes, there is a danger sharp rises will be seized upon by producers as an opportunity to sell forward, effectively capping the rallies,' Norman explained.

'With primary mine production continuing to rise to new record highs, the onus is increasingly on silver bulls to prove the case,' he added.

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet