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GFMS: Gold heading back to US$1,100/oz

Precious metal to surrender recent gains

Gareth Tredway
India regained its position as the top consuming country for the first nine months of 2015 (Photo: Prakhar Amba)

India regained its position as the top consuming country for the first nine months of 2015 (Photo: Prakhar Amba)

The yellow metal price recovered about $100/oz in recent months from July’s five-year lows at around the $1,080/oz level. However it has been weak again of late, shedding about $20/oz in the past 10 days....

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