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

Analysts remain cautious over price outlook of gold despite recent plunge

Posted on 04 July 2013

As gold market went through a period of great volatility since late last year, analysts forecast the spot gold price will remain on the downward trend in medium term although some said rebound may take place in the short term.
Since hitting a high of 1,798 U.S. dollars an ounce last October, gold price had fallen about 35 percent to 1,202 U.S. dollars as at end June, with nearly 25 percent plunge taking place in second quarter alone………………………………………..Full Article: Source


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