" /> Gold Target $1370 Year End, Dutch Bank ABN AMRO | Gold Silver Reports
Tuesday, October 25th, 2016 12:10 PM
Breaking News

Home / Articles / Gold Target $1370 Year End, Dutch Bank ABN AMRO

Gold Target $1370 Year End, Dutch Bank ABN AMRO

Gold Target $1370 Year End, Dutch Bank ABN AMRO

Gold Silver Reports — The big Dutch bank ABN AMRO reiterated its $1370 year-end target for gold, which they originally set last February, after gold’s first move above $1240.

Last week, they said inflation may help precious metals follow crude oil’s rapid rise back above $50 per barrel. They are more bullish on silver, saying “We believe that silver will outperform gold, and also for gold to continue rallying in 2016 and 2017.”

Germany’s Commerzbank has long been one of the most bullish big banks in Europe, even before gold’s price increase earlier this year. They are still bullish on gold, even if we see a short-term drop following a Fed rate hike, saying “we do not expect the price to fall lastingly below [$1200] because such a price level is likely to be viewed by investors as an attractive opportunity to buy.”

They added that “gold exchange traded funds recorded their strongest inflows for seven years in the first quarter. By contrast, there has only been moderate physical gold demand in India and China.” However, Commerzbank sees low prices generating higher demand in India and China, along with a comparative advantage in China:

“Given the lack of alternative investments – real estate is already very expensive in China and investing in Chinese stocks does not appear particularly attractive given the slumps in share prices and the disappointing performance of stock markets since last summer – private households can be expected to give preference to gold as a store of value.” — Neal Bhai Reports

About Anil Yadav

Check Also

Gold Will Gain in 2017

Gold Silver Reports — Gold Will Gain in 2017 — Gold is set to advance by as much as …

We Make Ideas


Our site is objectively in letter and spirit, based on pure Technical Analysis. All other content(s), viz., International News, Indian Business News, Investment Psychology, Cartoons, Caricatures, etc are all to give additional ambiance and make the reader more enlightening. As the markets are super dynamic by very nature, you are assumed to be exercising discretion and constraint as per your emotional, financial and other resources. This blog will never ever create rumors or have any intention for bad propaganda. We report rumors and hear-say but never create the same. This is for your information and assessment. For more information please read our Risk Disclaimer and Terms of Use.

Technically Yours,

Team GoldSilverReports.com, New Delhi, INDIA