Gold Presenting Great Opportunity
Gold prices haven’t really performed so far in 2015, and this phenomenon really has precious metal investors worried about what’s next. There are many questions about where gold prices could go next.
If they are true believers in buying undervalued investments, then they shouldn’t be too concerned. The yellow metal is presenting a great opportunity. 2015 might be a little bumpy, but the gold price forecast for 2016 and onward looks very optimistic.
Don’t pay attention to the noise. It’s very misleading.
What Mainstream Thinks Gold Prices Will Be in 2016
If you’ve been listening to the mainstream about where gold prices could be headed, you might very be disappointed. For example, not too long ago,Citigroup Inc. (NYSE:C) lowered its forecast for the precious metal.
For 2016, the big bank believes gold prices will end at $1,050. It lowered its forecast from $1,195. (Source:Reuters, July 31, 2015.)
Other big investment houses hold the very same opinion. Some have gone even as far as calling the yellow metal a “pet rock.”
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