
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.
via Kitco
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.