Merrill forecasts average gold price of dollar440/oz in 2005

摘要

New York--Gold bullion is expected to trade in the range 180/oz during 2005, with an average price of for the year, according to the Jan 4 Merrill Lynch Metals Calendar. "This represents a dollar 31/oz higher spot gold price on a year-over-year basis, reflecting Merrill Lynch's view that the euro will appreciate to 1.39 versus the by mid-June 2005," the report said. For 2004, the average spot gold price was dollar409,17/oz, representing a 12.6 percent increase over the 2003 spot price average of dollar363.30/oz. The trading range in 2004 was 4.20/oz.