Gold Could Correct In Short Term But Hit $1,250 By Year End: Capital Econ

Gold looks vulnerable to a short correction, a report from Capital Economics says, but the longer-term, year-end forecast is in place and the store of value could ultimately rise in value. Gold has three primary performance drivers There are many factors driving the price of the yellow metal, Capital Economics Head of Commodities Research Julian Jessop noted. In a Feb. 19 report titled “Can gold rally even if Treasury yields rebound?” he considered the primary fundamental factors driving pricing. At different moments in time certain factors play a more significant role than at other moments. Typically gold’s market value is…