SINGAPORE, 19 October 2016 – Financial news-wire and data providers Bloomberg today quote BullionVault comment on the atmosphere and outlook for gold prices at this year's London Bullion Market Association conference.
Held at the Shangri-La Hotel in Singapore, the 2-day conference ended with delegates – a near-record 750 in total – forecasting on average that gold prices will rise 7% by the time of the LBMA's next conference for the global bullion market, to be held in Barcelona in October 2017.
"The forecast was mildly bullish...very much in line with what we're hearing from the wider market," Bloomberg quotes Adrian Ash, head of research at BullionVault, speaking to the news-wire's commodity journalists at the event.
"The investment-focused presentations seemed to hint that all roads lead to gold again. But if you look at all the consumer markets, India is dismal and China clearly remains at risk."
Read Bloomberg's full report here:
Gold Seen Climbing in 'Mildly Bullish' Scenario on Low Rates
