Gold eased on Thursday, hurt by gains in the dollar index and fresh outflows from bullion-backed funds. JP Morgan Asset Management Global Markets Strategist Geoff Lewis expects further weakness in the gold price in the short term.

SHOWS: HONG KONG, CHINA (NOVEMBER 27, 2014) (REUTERS - ACCESS ALL)

1. SLATE, READING (English): 'WHAT ARE YOUR VIEWS ON CRUDE OIL PRICES ON THE BACK OF THE OPEC MEETING THIS WEEK? AND WHAT ARE YOUR THOUGHTS ON GOLD?'

2. JP MORGAN ASSET MANAGEMENT, GLOBAL MARKETS STRATEGIST, GEOFF LEWIS, SAYING:

'Well I think looking at the oil situation I think many analysts have been surprised at how high the oil price has been when the physical market was so well supplied over the last couple of years. Of course you had all the events in the Middle East, political risk premium etc. But now I think the realization is that there is more than enough oil to go around at least in the short term. So I think we are now down in a lower range which will be sustained maybe for the next year or so. Probably in a $70 to $90 barrel range, that would be my estimate, of course there is a lot uncertainty but I don't think we are going to see a return to $110, $120 any time soon. So the outlook for oil of course, whilst it is bad for the oil exploration and producers and those majors that have issued a lot of debt recently on the assumption of $110 dollars per barrel, and it is also bad for countries that produce oil. It is of net benefit for the world, for the global economy, as a whole, it acts almost like a tax cut and increases real personal disposable incomes and consumption in all the developed economies, which are net importers. So, it is good for the background for world growth in 2015. Turning to gold, I think there is probably more downside, more technical correction but then I think that once it forms a base, that would be a very good entry point because I think there are risks medium term to the inflation outlook not for the next year or so. But I think with the printing presses now full on it is worth having some gold in your portfolio basically to hedge against tail risks in either direction.'

3. SLATE, READING (English): 'WITH CHINA DEMAND SLOWING AND WEAK DATA FROM EUROPE, WHERE DO YOU SEE METALS DEMAND COMING IN FROM?'

4. JP MORGAN ASSET MANAGEMENT, GLOBAL MARKETS STRATEGIST, GEOFF LEWIS, SAYING:

'I don't really see investors coming back to commodities any time soon. I think there is a good case to be made for having some precious metals. Once we see gold form a new base, I think it has further to fall in the short term but in view of the uncertainties over unconventional monetary policies in view of the possible advantages for governments being more tolerant towards inflation in the medium term in order to get their debt to GDP ratios down then gold has a hedge against tail risks either inflation or deflation still seems like a good idea to me. Although I think we will see further weakness in the gold price in the short term.'