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ABN Amro Group Economics says gold prices likely to hit $1400 next year

Updated : November 01, 2018 07:02:31 IST

The price of gold is expected to rise to $1,400 an ounce by next year mainly on the back of strong dollar and yuan, said ABN Amro Group Economics on Thursday.

In an interview to CNBC-TV18, Georgette Boele, analyst, said, "If you look at the gold prices on October 11, we broke above the $1,215 level and we have been above that since then."

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