BNP Paribas published its forecast for gold in today's «Gold: short-lived respite» and identified as most likely fall in price to $ 900 / oz. for the period 2015 - 2017. After the panic about China, logically risky assets to overflow in protection of the gold. This is the only reason to reach $ 1,170 / oz. in August. The analysis of BNP Paribas sees no reasons for price increasing due entirely lost interest from institutional investors. No way for the metal support by demand. Acts against gold and the increase in interest rates in the US, according to BNP Paribas it will happen in December.
The forecast of BNP Paribas is: average price in 2015 = $ 1,145; price for Q3 2016 = $ 925; and weighted average annual cost = $ 975 / oz.
Note that in a survey by Bloomberg in July was down an average forecast for January 2016 = $ 984 /oz. gold.
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