Barclays Cuts 2014 and 2015 Gold Price Forecasts

Oct. 04, 2015 04:52PM PST

MarketWatch reported that Barclays plc (NYSE:BCS) has reduced its Q4 gold price forecast to $1,220 per ounce. For the whole of 2014, the firm believes gold will average $1,270.

This post was originally published on Gold Investing News on September 17, 2014.
MarketWatch reported that Barclays plc (NYSE:BCS) has reduced its Q4 gold price forecast to $1,220 per ounce. For the whole of 2014, the firm believes gold will average $1,270.
In 2015, Barclays sees the price of the yellow metal averaging just $1,180.
As quoted in the market news:

Barclays bearish view on gold is linked to rising rates and the dollars strength. ‘Rising rates and a significantly stronger dollar present headwinds, which are set to overwhelm any seasonal strength in physical demand this year,’ said Barclays’ analyst Suki Cooper.

Click here to read the full MarketWatch report.

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