- Increasing number of analysts are revising a higher end of year target on gold
- Bearish analysts are making leeway to potentially higher gold price in 2016
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Can gold head higher into the end of 2016?
Sure but there are many scenarios and situations that need to happen prior to such event
Can gold head lower again in 2016?
There is no crystal ball but the overall trend on the larger time frame remain overall bearish
What should we consider?
Dollar index – Indices – Central planners – China – Economic growth – Interest rate – Currency Wars – Risk of Defaults – Production cost – Physical Demand – ETF – CTFC