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

Gold: 2014 may not be nice to its price

Posted on 20 December 2013

As 2013 looks set to close on a sour note for gold, analysts are forecasting another lackluster year of performance for the yellow metal in 2014, with Federal Reserve tapering action looming early in the New Year.
With its safe-haven appeal weakening, the gold price is on track to record its first annual decline in 13 years. Gold is down more than 25% so far this year, while the SPDR Gold Trust ETF has tumbled more than 27% year-to-date. Gold stocks have fared worse, with the Market Vectors Gold Miners ETF falling more than 55% in the last year………………………………………..Full Article: Source


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VRS - who has written 40705 posts on Opalesque Commodities Briefing.


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