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Gold price forecast for 2014

Posted on 30 December 2013

According to a recent Gold Survey published by Thomson Reuters GFMS the price for gold is expected to fall, due to rising interest rates and the expected withdrawal of monetary stimulus programs. But what happens if the stimulus isn’t withdrawn?
The average price predicted by market participants surveyed by Reuters is $1,350 per ounce which is 7% less then the average price of 2013 but $150 more than the current spot price.”Although the Fed tapering has been priced in already by the gold market, that is not to say that you won’t be getting a bit of a wobble as of when it is announced,” Rhona O’Connell, head of metals research and forecasting said………………………………………..Full Article: Source


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