In a report released Friday, RBC is sticking with its call that gold prices will average $1,250 an ounce for 2015, expecting to see prices push higher in the second half of the year after the Federal Reserve’s much-anticipated initial rate hike.
The Canadian bank said that potential interest rate hikes remain the dominant force for the gold market this year and there is a risk that prices remain subdued in a low inflation environment during the next four months.
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