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Home / Metal News / Collections of Major Banks Views on Gold Price after Reaching $1,200

Collections of Major Banks Views on Gold Price after Reaching $1,200

iconMay 22, 2015 09:54
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. 
 
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
 
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

 

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