Sat, Apr 19, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

Gold forecast for 2014

Posted on 03 January 2014

Gold is headed for its first annual loss since 2000 as an improving economy cut demand for wealth protection. Gold in international fell 28 percent this year to USD 1,201.10 an ounce. Investors lost faith in the precious metal as a store of value as equities rallied and an economic recovery prompted the Federal Reserve to pare its USD 85 billion in monthly bond purchases.
Analysts at J.P Morgan Cazenove lowered their forecasts on gold prices - by 10 percent to USD 1,263 an ounce for 2014 and by 12 percent to USD 1,275 for 2015, according to their research note………………………………………..Full Article: Source


 Article link

This post was written by:

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


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930