BMI Gold Report Q3 2018
Gold prices will come under pressure in 2018 as US real rates continue to rise, reducing the attractiveness ofholding gold as an investment. Prices will be boosted in 2019 and beyond as the Fed hiking cycle tops out and inflation remainsstructurally higher in developed markets. We maintain our forecast for an average price of USD1,300/oz in 2018 and USD1,325/ozin 2019.
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