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Commodities Briefing - Categorized | Bullion/Gold, Market Moves, Research more

Gold seen peaking in 2013 by Goldman after 12-year bull market

Posted on 06 December 2012

Gold, still in its longest winning streak in at least nine decades, will probably peak in 2013 and keep declining the following year as U.S. growth accelerates, Goldman Sachs Group Inc. said.
Prices will peak in 2013 before declining even as the Federal Reserve expands stimulus, the bank said in an e-mailed report today. Bullion will be at $1,825 an ounce in three months, $1,805 in six months and $1,800 in a year’s time, it said, lowering its three-month forecast from $1,840 and its six- and 12-month outlooks from $1,940. It introduced an average 2014 estimate of $1,750. This year’s average is $1,670………………………………………..Full Article: Source

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