Canadian RBC Says Gold to Average $1,250 in 2015

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

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza