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Gold prices to average $ 1,200 an ounce level next year: Citi Research, UBS

Posted on 13 December 2013

Citi Research and UBS sees Gold prices to average $ 1,200 an ounce range next year. According to Citi Research, gold prices will average $1,255 an ounce next year, falling early in the year on expectations for tapering of Federal Reserve quantitative easing but drawing support from continued Chinese buying.
According to UBS, gold prices to average $1,200 an ounce next year, saying gold is hampered by investor selling interest and limited support to push up prices………………………………………..Full Article: Source


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