Interesting report out today from ANZ covered by Bloomberg has Gold forecast @ US$2000 by 2025 and US$2400 by 2030 with annual gold demand rising from current 2500 tonnes to 5000 tonnes by 2030, driven by rising affluence in India and China. Gold demand from India and China will be 900 to 1000 tonnes each with central bank purchases expected to add 400 tonnes to that. Short term target is US$1100, however at current prices the "downside .....is pretty minimal", producers are "right on the cost curve" and "supply will be knocked out", risk is "heavily skewed to the upside".
http://www.bloomberg.com/news/artic...a-seen-doubling-as-anz-predicts-record-prices
Interesting report out today from ANZ covered by Bloomberg has...
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