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Gold price set to fall further, forecasts Goldman Sachs

Posted on 25 June 2013

More stable economic situation and higher real interest rates will encourage investors to seek returns elsewhere, say analysts. The price of gold fell some $20 to $1277 an ounce on Monday and Goldman Sachs predicted further falls over the next couple of years as the more stable economic situation and higher real interest rates encouraged investors to seek returns elsewhere.
Even the growing popularity of gold as a wedding present in India, the biggest retail market for the precious metal, cannot stop the price tumbling further according to the investment bank………………………………………..Full Article: Source


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