World Gold Council - Investor Report Q4 2014

The gold price is up so far this year against analysts’ forecasts. Gold investment gets most of the attention, but market fundamentals provide a balance for the market. Gold is seen as a valuable hedge against market risk, yet can also benefit from GDP growth. We don’t believe interest rates will rise notably in the US anytime soon or that they’ll have the devastating effect for gold many experts predict. Finally, we consider that the gold market is structurally robust to support its long-term growth.