Will Next Year Be The Year Of The Raging Bull? - Outlook 2017By Kitco News
Friday December 16, 2016 10:35
(Kitco News) - This time last year, gold prices and sentiment were at multi-year lows but there was some optimism from analysts that after a three-year bear market, 2016 could be a game changer for the precious metals.
That optimism proved to be correct, at least for the first half of the year.
Although gold is well off its highs seen earlier this year, the market is still up more than 10% since January and it remains one of the best performing assets of 2016.
For this year's Outlook coverage, we are asking if 2017 will be the year of the raging bull for gold and precious metals.
So far, there are a wide range of forecasts for 2017 with some analysts seeing prices falling to $1,100 an ounce or lower, while others are calling for $1,400 gold. Despite where they sit on the spectrum, there seems to be a common factor that analysts expect -- inflation as a result of President-elect Donald Trump's ambitious fiscal policies.
How could this affect gold prices in 2017? How will President Trump fare for the precious metals?
Once again, we will highlight all the important influences precious metals investors will need to be aware of in 2017.
We are also doing something a little different this time around as we've added a new feature called "The Most Fascinating People of 2016."
We will highlight the top mining CEO of the year and who YOU think was the "most interesting" person in the precious metals community.
As always, we will also have our popular "Invest Like The Experts" weekly series, asking experts how they'd invest $500,000 in 2017. We also added a few ‘fun' questions for our experts this year, stay tuned!
Remember, Kitco News'2017 Outlook coverage kicks off Dec. 16 and will be running until January 6. We hope you enjoy the content!
By Kitco News;