Gold favored as Fed may have to backtrack, Mideast bank says

Bloomberg/Ranjeetha Pakiam/5-23-2016

“Gold may rally to $1,400 an ounce in the near term and go on hit $1,800 by the end of next year as the world’s central bankers err, according to the largest lender in the United Arab Emirates, which is advising clients to hold up to 10 percent of portfolios in bullion and buy recent dips.”