BRIEF-Scotiabank sees gold at $950/oz - $1,280/oz range in 2016

Fri Dec 4, 2015 10:53am EST
 
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Dec 4 (Reuters) - Bank of Nova Scotia :

* Says for 2016 gold prices "we would look for a $950/oz to $1,280/oz range"

* Says further price weakness seems likely, before the market recovers in silver for 2016

* Says given the likelihood of a fed rate rise, prices may fall further, but "doubt they will fall below $12/oz"

* Says "believe 2016 will see prices recover and that in turn is likely to prompt bargain hunting and restocking"

* Says "believe 2016 will see prices recover and that in turn is likely to prompt bargain hunting and restocking" for pgm group metals (Reporting by Nallur Sethuraman in Bengaluru)