Commerzbank Forecasts Avg. $1,325 Gold Price In 2018

Published Date: 
Friday, December 8, 2017

Gold should rise for a third straight year in 2018, aided by low or negative real interest rates and ongoing political uncertainty in the U.S. and Europe, said Commerzbank in its outlook for the new year.

In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.

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