Precious metals prices to be rangebound in 2015

Precious metals prices have been fairly rangebound in recent months, with fluctuations tied closely to expectations on when the Federal Reserve will begin its rate hiking cycle. The Fed might move later this year, keeping precious metals prices under pressure in the near term. 

However, ongoing improvements in economic growth around the globe will likely lead to a weakening in the U.S. dollar next year, which should be supportive for precious metals. 

"Gold prices might be seen rising to US$1300/oz by the end of 2016", forecasts TD Economics.