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Why Do Analysts Think Gold’s Sell-Off Is Overdone?

Annie Gilroy
Why Do Analysts Think Gold’s Sell-Off Is Overdone?

According to a Reuters poll of 35 analysts and traders, the average gold price (GLD(IAU) forecast for 2018 and 2019 is $1,301 and $1,325 per ounce, respectively. Heavy losses suffered by gold prices in the second quarter led most of the analysts to lower their price estimates for the precious metal.