After three years of price consolidation, 2015 will be a positive year for precious metals investors according to gold analyst Jeffery Nichols.
In the short term Nichols believes the picture is uncertain, but feels the gold price will be significantly higher in 12 months’ time and will reach new highs in 2016. Nicholls believes the following factors will catapult the price higher.
The U.S. economy will weaken despite lower energy costs.
The markets will start to question if the Federal Reserve can increase rates without derailing the economy.
Realism with return to Wall Street with investors turning away from traditional assets such as stocks and bonds
China, India and other Asian markets will increase their gold purchases as their incomes rise.