sees gold climbing to $1,425 this quarter, prices will then fall through March before resuming advance.
by Jasmine Ng and Eddie van der Walt, Bloomberg
Gold’s top forecaster, who in February abandoned her bearish outlook to correctly call bullion’s surge, sees more gains in store before prices taper off by year-end.
The metal will climb to $1,425 an ounce by the end of September, 4.4% higher than now, before dipping in the following six months amid prospects for higher U.S. interest rates, said Georgette Boele, a currency and commodity analyst at ABN Amro Bank NV. The 43-year old was rated by Bloomberg as the most accurate forecaster.
Boele has been right on the way up and also the way down. At the start of 2013, she was among the most bearish analysts before gold capped its first annual drop in 13 years. She called for lower prices until just a few months after bullion touched a five-year low in December.