Metals Focus More Positive On Gold - $1,350 By Year End

Mar. 31, 2016 4:47 AM ETGLD, IAU, PHYS, SGOL, GTU, OUNZ, QGLDX, PHYS:CA4 Comments
Lawrence Williams profile picture
Lawrence Williams

Today will be a busy day for gold analysts. The two biggest London-based precious metals consultancies, Metals Focus and GFMS are both releasing their latest treatises on the global gold market and analysts will be poring over the plethora of data in the reports.

First off the blocks is Metals Focus. At the time of writing the GFMS report is not set to be released for another hour. The two reports will be somewhat similar in content if not necessarily in their conclusions as both consultancies have similar roots with Metals Focus originally formed primarily by a breakaway group of former GFMS analysts.

The two consultancies' views on where the gold price is likely to go in the medium term will thus be of particular interest. The teams of analysts who work on these reports are basically impartial without any specific axe to grind and while their predictions will largely be based on fundamentals - and it's often arguable whether the gold price necessarily follows such in the short and medium term where easily swayable sentiment and extraneous geopolitical and geo-economic factors may impact. But even so their research and views are seen as significant in terms of the underlying situation.

In the event Metals Focus is definitely more bullish on the likely progress of the gold price than it has been for some time. In an accompanying press release, Metals Focus Director, Nikos Kavalis comments:

changing expectations towards the outlook for US interest rates, concerns about monetary policy elsewhere, as well as turbulent equity and bond markets, have re-kindled institutional investor interest in the metal.

This has shown itself initially in the very positive performance of gold in the first quarter of the current year - the best early year performance since 2008, the consultancy notes. (That on its own may generate some

This article was written by

Lawrence Williams profile picture
Former CEO of Mining Journal Ltd. and subsequently Editor and General Manager of - a position relinquished in October 2012 to continue as a freelance writer. Graduate mining engineer from London's Royal School of Mines (part of London University) - has worked on gold, platinum and uranium mines in South Africa, copper in Zambia, uranium in Canada and holds a South African Mine Manager's Certificate. Joined Mining Journal originally as Financial Editor and worked for the company for over 30 years spending 13 years as CEO. Particular follower of the gold and platinum market and has written numerous articles on precious metals for Mining Journal and Mineweb and has also written for London's Financial Times as well as for other media and publications including SeekingAlpha. Is a regular writer for for . Also write articles for U.S. Gold Bureau.

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