(Bloomberg) -- The worst is yet to come. At least that's the opinion of the top two gold forecasters who say bullion will suffer further losses in 2017 as interest rates climb and the dollar strengthens.
Oversea-Chinese Banking and ABN Amro Group NV see gold sliding to $1,100 an ounce by the end of next year as the Federal Reserve tightens monetary policy, real Treasury yields increase and the U.S. currency rises. Prices were at $1,190 Wednesday. The banks were ranked first and second as gold forecasters in the third quarter, according to data compiled by Bloomberg.