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Goldman Sachs expects gold price to decline in 2014

Posted on 25 October 2013

Goldman Sachs said it expects gold prices to fall in 2014 driven by improving US economic data, rising real rates and the commencement of tapering of monetary stimulus by the US Federal Reserve.
The investment bank expects gold price to decline to $1,144 per ounce in 2014. “Gold will likely remain volatile in a $1,250-$1,350/oz range until clarity on tapering,” Goldman Sachs said in a note to clients dated October 23………………………………………..Full Article: Source


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