Survey by Thomson Reuters GFMS: gold prices are expected to recover to above $1,200 an ounce by the end of the year

Market news

27 January 2016

Survey by Thomson Reuters GFMS: gold prices are expected to recover to above $1,200 an ounce by the end of the year

According to the survey by Thomson Reuters GFMS published on Tuesday, gold prices are expected to recover to above $1,200 an ounce by the end of the year. The average price is expected to be $1,164 an ounce in the full year.

The reason for the recovery are the slower pace of the Fed's interest rate hikes, a weak global economic growth and a weak yuan.

The survey said that gold demand is expected to rise by 5% in 2016.

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