2015 Predictions are in and the Winner is Gold

Analysts, speculators and financial fortune-tellers everywhere are making their predictions on precious metal prices in the coming year. After a slow 2014, investors can’t help but wonder if this end-of-the-year boon will continue, or metals prices will level off and become stagnant.

The question on everyone’s mind is: Where will the gold and silver market be a year from now? No one can know. However that hasn’t stopped the major news outlets from making a few best guesses…

GoldSeek:

“After some three years of disappointment, 2015 promises to be a good year for gold investors. While the near-term price outlook remains uncertain, I feel fairly confident that gold will be considerably higher at this time next year – and on its way to new historic highs in the years ahead.”

CNBC:

“Resurgence in gold demand from China and India, the world’s biggest consumers, is set to restore some shine to the yellow metal in 2015 after a lackluster year.”

Forbes:

“Gold prices could be under some pressure in the first half of 2015 as the market anticipates the Federal Reserve raising interest rates, but once the Fed moves, the yellow metal may be able to end the year on firmer footing.”

Silver, too, may see a slow start to the year. “But by the end of the year, many analysts see silver regaining its luster on ideas that any Fed rate hikes are likely to be modest and industrial demand may start picking up, assuming the economy shows improvement,” Forbes believes.

Bloomberg:

“Bullion will probably advance next year once the market prices in the Fed’s first few monetary-tightening steps…Gold will average $1,175 in between January and March, $1,200 in the second quarter, $1,250 in the third and $1,275 in the final three months.”

Money Morning:

“Overall, though, I don’t expect the dollar to continue to weigh too much on gold’s advance, because central banks will be desperate to get inflation going. And at some point the dollar’s rise will be problematic, so expect the U.S. Federal Reserve and U.S. Treasury to start ‘talking down’ the dollar before too long, which should help the gold price.”

Photo courtesy of Forbes.com