gold tipped to enjoy strong prospects in the years ahead.

gold tipped to enjoy strong prospects in the years ahead.

Research by ANZ forecasts the gold price will "push past" $US1300 ($1700) an ounce over the next year.
It's a handy gain compared to the price range where the precious metal has mostly been trading during the past 18 months, where most of the time it's been well under $US1300 an ounce. At one point last year it plummeted towards $US1100 an ounce, while recently, it's been bouncing around the $US1250 an ounce mark.

But a more eye-opening conclusion in the research is the forecast that the gold price will rise above $US2000 an ounce by 2025.

Peter August, the chief executive of the Melbourne Mint, a retailer and wholesaler of gold and silver, said he could "absolutely" see the ANZ forecast price of $US2000 an ounce being achieved. But he forecast "resistance points" around $US1300, $US1500 and $US1800 an ounce along the way.


http://www.smh.com.au/business/a-golden-outlook-forecast-for-the-precious-metal-20170616-gwsujv

Great for ANL SHrs.

Raider