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

Published: May 13, 2015 11:28

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RBC is sticking that gold prices will average $1,250 an ounce for 2015, expecting to see prices push higher in the second half of the year.

May 11, 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.

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