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

Price of gold in 2014: More declines to come?

Posted on 30 December 2013

This has been a terrible year for gold, with the SPDR Gold Trust and spot gold prices falling by more than 25%. Many gold-mining stocks have suffered even larger declines, as the Market Vectors Gold Miners ETF lost more than half its value this year.
But with gold just barely hanging above the $1,200-per-ounce level, do investors have any reason to hope that the price of gold in 2014 will bounce back after the first losing year for the yellow metal since the turn of the millennium? Let’s take a look at some of the factors that caused 2013’s declines and see if they’re likely to persist into 2014 and beyond………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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