Gold Market to Turn in 2015: GFMS

Mineweb reported that in its latest update of its Gold Survey 2014, Thomson Reuters GFMS said it believes 2015 will be the year the market starts to change for the better.

As quoted in the market news:

On fundamentals, the GFMS team sees the gold market as likely to see a small supply surplus this year, perhaps with the emphasis on small. It then sees fundamentals tightening in 2015 with underlying demand rising and mine supply flat to falling thus taking the market into a deficit. GFMS thus feels that the change in market conditions will begin to attract the professional investment community again and the price to bottom out in 2015 before embarking on a renewed, but gradual, bull market.

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