Gold ready for $200 rise in 2017.

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Gold Ready For $200 Jump In 2017 – Bank Of America

CNBC reported that Bank of America is forecasting a significant jump in gold prices by the end of this year.

“Gold is poised to make a big jump by the end of the year, at least according to Bank of America. The corporate and banking division says it expects the price to rise by around $200. That would put the price of gold at $1400 by December…

Analysts at Bank of America/Merrill Lynch state that even though the commodity has been under pressure as a run up to the next Federal Reserve bank hike, there were reasons for optimism… Inflation and other uncertainties like elections in Europe tend to prop up the yellow metal. The bottom line: Bank of America says to bank on gold.”

(“Bank of America says to bank on gold,” CNBC, 3/9/17.)