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MKS forecasts average 2013 gold price of $1,753/oz

Posted on 11 January 2013

Gold prices should average $1,750 an ounce in 2013, as the market enters a “consolidation” phase, said Swiss-based trade house MKS Capital in a research note released Thursday.
The firm said the single-digit growth gold saw in 2012 is likely to be repeated this year as “upside momentum” is slowing down. The bull trend remains intact, they said. “The significant accumulation of physical gold over the last three years due to portfolio diversification/protection aiming to reduce credit risk is likely to slightly slow down in the coming few months as the global economic crisis seems to be more or less contained.,” they said………………………………………..Full Article: Source


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