Gold to post its 3rd annual drop
Expects prices to fall to $1,100 an ounce
- "The overall environment for gold is bearish," said Passos "The rate hike is imminent, and that is the most important thing that the gold market watches,"
Data compiled by Bloomberg Rankings show Artur Passos, who produces the metals outlook at Itau Unibanco (Latin America's biggest bank by market value,) and is part of a group led by former central banker Ilan Goldfajn, was the most-accurate among 20 forecasters
