Friday August 12, 2016 09:36
Credit Suisse has reiterated its late-June outlook that gold will rise to $1,475 in the fourth quarter. The view was included in a research note citing highlights from the World Gold Council’s report this week on quarterly demand trends, which showed that second-quarter demand rose from a year ago. Credit Suisse says its outlook is “primarily due to continued investment demand through ETF (exchange-traded-fund) purchases and bar/coin hoarding on prolonged macro uncertainty and negative real interest rates – (with) 39% of sovereign debt traded with a negative rate on July 27th -- along with our view for declining mine supply.” As of Thursday, the third-quarter average price of $1,342 an ounce “thus far is tracking in-line with our $1,350/oz forecast for Q3,” the bank adds.
![Secondary Lead Prices Inverted Against Primary Lead Prices, Lead Market Fluctuated Amid a Tug-of-War Between Sellers and Buyers [SMM Lead Morning Meeting Minutes]](https://imgqn.smm.cn/usercenter/xVUpr20251217171722.jpg)
![LME lead fluctuated upward to close higher, while SHFE lead moved downwards after a higher opening and remained in the doldrums [SMM Lead Morning Brief]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)
