Best Gold & Silver Forecasters Revise 2016 Targets Sharply Higher

by Adrian Ash
Financial Sense

Gold and silver prices rose against a falling US Dollar after the Bank of Japan announced smaller-than-expected policy stimulus Friday and more analysts revised their forecasts sharply higher following this year’s 26% and 45% gains to date.

Gold slipped versus the Euro and Yen, however, erasing the last of this month’s earlier gains to match Dollar and Sterling prices with no change for July – only the third month to miss a substantial rise in 2016 so far.

Major government bond yields eased lower as world stock markets flatlined.

More than $10 trillion of bonds issued by developed-world governments and corporations now offer new buyers an annual yield below zero, according to Reuters.

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