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

Gold bearish outlook extended as price nears $1,200

Posted on 09 December 2013

Gold analysts are bearish for a third week, the longest stretch since February 2010, as prices approach $1,200 an ounce and a stronger U.S. economy improves the chance that the Federal Reserve will reduce fiscal stimulus.
Sixteen analysts surveyed by Bloomberg News expect gold to fall next week, 11 are bullish and two neutral. Prices tumbled 26 percent this year, heading for the first annual drop in 13 years and the biggest in more than three decades. Bullion last traded below $1,200 on June 28………………………………………..Full Article: Source


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