Sharps Pixley Sees Gold Average at $1321/oz in 2015

If our outlook for gold in dollar terms is bullish, in emerging currencies it may be even more so as investors seek to insure or hedge against currency debasement. As such, we foresee good demand for the physical.

In short, we see gold demonstrating that it has turned a corner and investor flows return with a vengeance, aided by short covering and fresh longs in the futures markets.

Sharps Pixley Sees Gold Average at $1321/oz in 2015