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

Goldman Sachs says it’s time to short gold

Posted on 12 April 2013

Despite global economic uncertainty, Goldman expects gold to fall to $1,450 an ounce by the end of 2013, and to $1,270 an ounce by the end of 2014. While major US equity indexes continue to push into uncharted territory, commodities have taken a backseat so far this year. As investors keep pouring into stocks and increasing their overall risk appetites, safe haven assets like gold have faltered.
Year-to-date, gold has dipped just over 7%, while the S&P 500 has jumped over 11% during the same time period……………………………………..Full Article: Source


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