BNP Paribas cut its 2014 gold forecast to $1095

Chris Weston

BNP Paribas cut its 2014 gold forecast to $1095


Chris Weston

Chris joined IG as a sales trader in 2006, having worked previously at Morgan Stanley, Credit Suisse and Merrill Lynch, gaining exposure to both equity and fixed income trading. After accruing 15 years' experience in financial markets, Chris...

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Medium 0f4d7d36e46de79f9992c238ea19d43c1380339494

Chris Weston

think y'days 14.5% collapse in Indian exports would have been felt in the gold complex for sure as well.

Medium 0f4d7d36e46de79f9992c238ea19d43c1380339494

Chris Weston

indeed, it was a big cut. I only have a headline, but I did see they expect a March taper, so I guess they are simply moving in line with that idea. Would be interesting to see its call on the USD, while also what supply side response would be given $1200 is seen a marginal cost of production

Medium screen shot 2016 01 12 at 2.25.34 pm

James Marlay

Did they give a catalyst for the change and what was their previous forecast? I assume the timing of tapering has firmed in their eyes.

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