Natixis Sees Gold Averaging $990 In 2016, Pressured By U.S. Interest Rates, Dollar
By GCRU Gold News on Wednesday, October 14 2015, 09:53 - Permalink
Natixis sees gold prices averaging $990 an ounce in 2016 on expectations for higher U.S. interest rates and strength in the U.S. dollar, the French bank said in a report released Friday.
U.S. interest rates are likely to be the single biggest driver of gold next year, Natixis said.