Barclays Expects Gold Prices to Struggle

Barclays said on Monday it expects gold prices to test new lows in 2015 as the yellow metal battles with a strengthening dollar and the first interest rate hike in nine years by the US Federal Reserve. The bank forecasts prices to average $1,170 per ounce, down from its earlier view of $1,180. It forecast the 2016 gold price to be at $1,150 an ounce. Gold prices, which tend to struggle during periods of rising interest rates,...