Thomson Reuters’ GFMS Gold Survey: gold price is expected to be below $1,100/oz in the fourth quarter 2015

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29 October 2015

Thomson Reuters’ GFMS Gold Survey: gold price is expected to be below $1,100/oz in the fourth quarter 2015

Thomson Reuters released its GFMS Gold Survey on Wednesday. It expect gold price to be below $1,100/oz in the fourth quarter 2015, lower than the previous estimate of $1,175/oz. Thomson Reuters said in its survey that the uncertainty over the Fed's interest rate hike weighs on gold.

An annual average gold price is expected to be $1,159/oz in 2015, lower than the previous estimate of $1,180/oz.

Gold output in the third quarter 2015 was estimated at 851 tonnes.

Physical gold demand in the third quarter 2015 climbed by 7% year-on-year.

Eurozone: Economic sentiment index , October 105.9 (forecast 105.2)

Reserve Bank of New Zealand kept its monetary policy unchanged

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