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Commodities Briefing - Categorized | Bullion/Gold, Price Watch, Research more

Gold to drop in Q1, far from retesting record high - poll

Posted on 19 December 2011

Gold prices will fall below $1,500 an ounce over the next three months and are unlikely to retest September’s all-time highs until later 2012 at the earliest, according to a Reuters poll of 20 hedge fund managers, economists and traders.
The bleak forecast, coming after gold has lost 11 percent of its value so far this month, is likely to fuel fears that bullion is close to ending its more than decade long bull run and entering a bear market………………………………………..Full Article: Source


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