Here's a view on gold: end-2019 forecast $1,350 and on silver: $17.50 … ''safe havens'

I posted earlier on Capital Economics and their Australian dollar view, link here:

They have a gold and silver forecast also:

  • "We remain bullish on the prospects for gold and silver prices and have revised up our end-2019 forecasts to $1,350 per ounce and $17.50 respectively, as we expect both metals to attract investors seeking safe havens."

CE expects growth to slow globally:

  • from 3.6% to 3.0% this year and to a decade low of 2.8% in 2020

And:

  • global equities also projected to fall this year, which will limit investors' appetite for risky assets

So for gold and silver:

  • "Investor inflows look set to continue given our expectation of further falls in global equity markets and slower economic growth,"

CE comments via Kitco, more here

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