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BRIEF-Scotiabank sees gold at $950/oz - $1,280/oz range in 2016

Published 2015-12-04, 10:53 a/m
© Reuters. BRIEF-Scotiabank sees gold at $950/oz - $1,280/oz range in 2016
BNS
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Dec 4 (Reuters) - Bank of Nova Scotia BNS.TO :
* Says for 2016 gold prices "we would look for a $950/oz to
$1,280/oz range"
* Says further price weakness seems likely, before the
market recovers in silver for 2016
* Says given the likelihood of a fed rate rise, prices may
fall further, but "doubt they will fall below $12/oz"
* Says "believe 2016 will see prices recover and that in
turn is likely to prompt bargain hunting and restocking"
* Says "believe 2016 will see prices recover and that in
turn is likely to prompt bargain hunting and restocking" for pgm
group metals


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