Top Analysts Disagree on Gold Outlook

The National Post reported that the three analysts who accurately predicted gold’s largest quarterly drop in four years now have different views on the path that gold will take.

As quoted in the market news:

Justin Smirk of Westpac Banking Corp., the most accurate of 20 analysts tracked by Bloomberg in the second quarter, says prices will keep dropping. Eugen Weinberg of Commerzbank AG and Nick Trevethan at ANZ Banking Group Ltd. predict a record within a year. Hedge funds and other speculators are the least bullish since 2008, even with investor holdings of physical bullion in exchange-traded products close to an all-time high, government data and figures compiled by Bloomberg show.

Click here to read the full Financial Post report.