How low can gold go?

Higher US rates, weak Chinese demand and India’s moves to curb gold imports have some analysts forecasting further downside.

Summary: Gold has been hurt by changing expectations for an increase in US interest rates and the falling gold price has snapped a rally in two Australian gold miners. Some analysts expect the gold price to weaken further, as demand from China and India does not look bright. But the supply side looks a little more promising as the volume of mined gold is expected to decrease.

Key take-out: The gold price could regain some of its lustre by the end of 2017 but for now, analysts expect there could be more pain ahead for junior gold miners.

Key beneficiaries: General investors. Category: Gold.


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