RBC Capital Markets expects an annual average of US$1,258 per ounce in 2016
Gold investors will have to wait until the very end of 2016 and into 2017 for Chinese jewelry demand to improve materially, RBC Capital Markets said in a new report.
That’s a primary reason why it expects gold prices to weaken, falling to an annual average of US$1,258 per ounce in 2016, and US$1,241 in 2017.
Read the full article at: business.financialpost.com
