Gold price prediction by big bank by the end of the year 2018
• Scotiabank has predicted that gold would average $1300 in 2018
• Bank of America Merrill Lynch believes it will rest around $1,326 by the end of the year
• Bank of China International predicts $1400 by year end
• Commerzbank $1500 by year end
•The Economy Forecast Agency predicts a 2018 close at $1023
• Jim Sinclair $10,000 by year end
• Thomson Reuters have predicted as late as May this year that Gold will average $1360 an ounce and could potentially touch $1500.
• JP Morgan lowered their forecast in June this year by 4-5% to an average gold price of $1,355 with similar figures from Goldman Sachs
• Danske Bank forecasts a gold price of $1250 in the fourth quarter of this year
• Commerzbank predicts gold will touch $1,400 by year end.
• Whilst The World bank predicts that both gold and silver prices have already reached their peak for the year.