Gold seen at lackluster $1,160 next year

Precious-metal market insiders see the price of gold remaining little changed at $1,160 per troy ounce next year as a U.S. interest rate hike, economic uncertainty in China and other factors depress bullion buying.

That was the average forecast given in a survey of attendees at a conference hosted by the London Metal Exchange in Vienna this week.

Gold seen at lackluster $1,160 next year