Top Gold Forecaster: “As Quickly As Gold Fell” May “Rally Back” on Global Risks

Top Gold Forecaster Says “As Quickly As Gold Fell” May “Rally Back” on Global Risks

Gold’s largest plunge in 14 months may soon reverse according to gold’s top forecaster in Q3 according to Bloomberg:

Looming risks from the U.S. presidential election in November to Britain starting talks to leave the European Union next year may boost its role as a haven, said Barnabas Gan, an economist at Oversea-Chinese Banking Corp. in Singapore. Increasing shale oil output in the U.S. is also likely to cool the surge in crude prices, curbing inflation. Read full story here…