GFMS: 2017 Gold price forecast at $1259 per oz

On Thursday, Gold Fields Mineral Services (GFMS) published its latest forecast report on gold, providing detailed insights on the metal's outlook this year.

Key Highlights:

2016 physical gold demand fell 20% to 3,349t, hitting a seven-year low

Gold market surplus the biggest this century

GFMS 2017 gold price f/cast $1259 per oz

EUR/USD reverses a dip to 1.0725 ahead of ECB, Eurogroup

The bears appear to have loosened grip in the European, allowing a tepid bounce in EUR/USD from session troughs of 1.0726, as the greenback recedes ga

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Jan 26, 2017

EUR: ECB policy expectations & Italian elections – MUFG

Lee Hardman, Currency Analyst at MUFG, notes that the euro has recently benefitted from yields in the euro-zone rising by more than in the US as the t

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