Gold rally unlikely to last till the end of the year: OCBC

Singapore

GOLD prices' recent rally on geopolitical concerns is not likely to be sustained to the end of the year, said Barnabas Gan, OCBC Bank economist.

Although Mr Gan sees gold prices rising above US$1,300 per ounce if geopolitical tensions intensify further, he sees it ending 2017 at around US$1,200, due to expected US interest rate hikes later this year.

The recent rally in gold prices to U…