Highlights from Page 7 of Report
- Gold prices averaged $1,258.46/oz over Q2 2017, within a dollar of our Q2 forecast ($1,258.66/oz with decimals). Thus, our full-year average forecast for 2017 remains unchanged(after marking to market with Q2 actuals) at $1,253/oz.
While gold prices have trended lower recently (with the exception of last week’s close),we remain of the view that on going uncertainty implies upside for gold prices.
Overall, we think there is some upside risk to prices through the balance of the year, before averaging $1,303/oz in 2018
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