Advertisement
Singapore markets closed
  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     
  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     
  • Bitcoin USD

    63,626.45
    +1,565.38 (+2.52%)
     
  • CMC Crypto 200

    1,367.90
    +55.28 (+4.22%)
     
  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     
  • Dow

    37,986.40
    +211.02 (+0.56%)
     
  • Nasdaq

    15,282.01
    -319.49 (-2.05%)
     
  • Gold

    2,406.70
    +8.70 (+0.36%)
     
  • Crude Oil

    83.24
    +0.51 (+0.62%)
     
  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     
  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     
  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     
  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Which Analysts See Gold Prices Approaching $1,400 per Ounce?

Which Analysts See Gold Prices Approaching $1,400 per Ounce?

ABN Amro believes that there is more downside to gold prices (IAU) from the current levels, although it would be temporary. The firm sees gold prices falling to $1,250 per ounce by the end of 2018 before rallying in 2019. It believes the US dollar’s (UUP) strength could the major driver of gold’s weakness in 2018.