Bank of America Merrill Lynch Sees Gold Rise to $1,400/ounce by Early 2018

SHANGHAI, Aug. 22 (SMM) – Bank of America Merrill Lynch’s commodity research director expects gold prices to rise to  $1,400 per ounce by early 2018 because of lower long-term interest rates in the US and lack of progress in economic reform by President Trump.

Standard Chartered: Gold to Breach $1,300/ounce

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