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Gold’s Best Forecasters Say the Good Times for Bulls Won’t Last

Gold Prices Rally
Alessia Pierdomenico/Bloomberg
Updated on

Put away the champagne, gold bulls. The metal’s best forecasters don’t expect the party to last much longer.

Futures in New York are on pace for the biggest weekly rally since mid-May after China’s surprise yuan devaluation roiled global markets and lifted demand for haven assets. Bulls shouldn’t expect the good times to last, according to analysts at Oversea-Chinese Banking Corp., Itau Unibanco Holding SA and Barclays Plc.