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Gold+to+lose+shine+in+2016%2C+analysts+tip+prices+to+sink+below+US%241%2C000
Thursday, 24 December 2015 - 21:01
Gold to lose shine in 2016, analysts tip prices to sink below US$1,000
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Against the backdrop of a resurgent US dollar, gold is set to lose more of its lustre in 2016.

The outlook for the precious metal has turned increasingly bearish ever since the US Federal Reserve announced its first interest rate hike in nearly a decade on December 16th.

Gold prices crashed to a six-year low of 1,049 dollars per ounce the very next day.

Even though prices recovered to 1,073 dollars as today, many analysts are still tipping the yellow metal to fall below 1,000 dollars next year.

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