Gold prices are struggling to bounce off its year-to-date lows, but the World Bank remains optimistic that prices will continue to move higher through the rest of the year.
In its updated commodity outlook report, the international bank said that it sees gold prices ending the year above $1,300 an ounce for a 3.2% gain.
Despite gold’s lackluster performance early in the second quarter, analysts at the World Bank said that growing investor demand and central-bank buying will continue to dominate prices this year as industrial demand is expected to wane.
KEFI Minerals plc (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield.