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Collections of Major Banks Views on Gold Price after Reaching $1,200
May 22,2015 09:54CST
industry news
Source:SMM
The gold market is in the spot light after its recent price hitting $1,200. Now, investors are divided sharply on their outlook for precious metals.

SHANGHAI, May 22 (SMM) – The gold market is in the spot light after its recent price hitting $1,200. Now, investors are divided sharply on their outlook for precious metals. 

Long bets:
Bank of America Merrill Lynch
Gold price will be pushed higher to $1,500 in response to the US’s potential delay in its interest rate hike. 
 
Standard Chartered Bank
Gold price will rise to $1,300 in late 2015. 
  
Royal Bank of Canada
Gold price will rise during the rest of the year, with 2015’s average price at $1,250. 
 
Short bets: 
Morgan Stanley
The rise in gold price will prove unsustainable. 
 
Barclays
Soft physical demand in China and India will weigh down gold price. 
 
Some other major banks take a dovish stance over gold price.  
Macquarie
The 2015’s gold average price is expected at $1,231. 
 
HSBC
Gold price has a little chance to climb above $1,200, and US’s non-farm payrolls data will be a key factor. 
 
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