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

Australia government: Gold prices poised for possible decline

Posted on 20 March 2013

The price of gold is poised to retreat 1.8 percent this year as demand may decline if instability in global financial markets eases and consumption drops, Australia’s Bureau of Resources and Energy Economics said.
Prices may average $1,638 an ounce in 2013, down from $1,668 a year earlier, the Canberra-based bureau said in a report Wednesday. That compares with a December forecast of $1,738 for 2013………………………………………..Full Article: Source


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