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Commodities Briefing - Categorized | Bullion/Gold, Market Pulse more

Fifty shades of gold

Posted on 23 September 2013

Goldman Sachs (GS) created a stir earlier this week when it forecasted that gold would fall to $1,000 an ounce by the end of 2014, as the firm expected the Federal Reserve to reduce its bond buying program. Goldman also suggested that gold miners might want to hedge their output, locking in 2013 prices.
HSBC analysts have also been bearish on gold, although the firm admits that lower gold prices tend to draw out tremendous demand from emerging markets, especially China. Because of that demand, HSBC believes gold will end 2014 at around $1,435 an ounce, says MarketWatch………………………………..Full Article: Source


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