Gold prices will recover next year as demand in China and India improves, according to Australia & New Zealand Banking Group Ltd., which forecast an advance for bullion even as the Fed raises interest rates.
Gold extended losses as the Federal Reserve prepares to raise interest rates next year while other central banks boost stimulus, strengthening the dollar.
Nickel and palladium are set to outperform iron ore and soybeans as supply outlooks for commodities diverge amid a tentative acceleration in global economic growth, according to Goldman Sachs Group Inc.
