Precious metals Watch – The stars seem to be aligned for gold prices
PublicationNatural resources
In this publication: A new high in gold prices. The stars seem to be aligned for gold prices. Improvement in investor sentiment, aggressive monetary policy easing, ultra-low interest rates and fiscal stimulus have all supported gold prices.
We remain cautious and we expect another round of risk-off in financial markets to support the dollar and to trigger gold position liquidation. But gold price weakness will probably be less severe than we had originally forecasted. New gold price forecast for Q2 is USD 1,575 per ounce (was USD 1,300).