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Gold Seen Climbing in ‘Mildly Bullish’ Scenario on Low Rates

  • Bullion to increase about 7% by October next year: survey
  • Low or negative rates and economic woes boost gold holdings
Updated on

Gold is set to rise about 7 percent by the time of the London Bullion Market Association conference in October 2017, according to a survey of people attending this year’s gathering in Singapore. Silver will gain 18 percent.

The yellow metal will trade at $1,347.40 an ounce in a year’s time compared with $1,262.40 on Wednesday, while silver will change hands at $20.90 an ounce from $17.65, the survey showed. Last October, attendees predicted the price would be $1,160 in 12 months’ time, about $100 less than it is now.