Gold Price to Rally First, and then Fall in March

BEIJING (SMM): Gold price is expected to rise initially, and then fall back in March, Shanghai Metals Market’s interview shows.  

“Gold price will likely lurch higher to $1,230-1,250/oz in March,” an analyst from Zhaojin Futures told SMM in a most recent interview. 

Any development of the US interest rate meeting’s minutes in mid March will be a key factor on gold market, said the analyst, putting downward pressures on price.  

Courtesy: www.metal.com