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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold may hit rock bottom in first few months of 2014

Posted on 06 January 2014

If 2013 will go down as the year gold lost its glitter, 2014 may be remembered as the era it recovered some sparkle, yet it remained dull. This seems to be the main conclusion of some of the most followed gold forecasters, such as Goldman Sachs, J.P. Morgan and Morgan Stanley, among others.
Goldman Sachs is predicting a “significant decline” of at least 15% this year. And analysts at J.P. Morgan lowered their forecasts on gold prices by 10% to $1,263 an ounce for 2014 and by 12%to $1,275 for 2015, according to their research note………………………………………..Full Article: Source


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VRS - who has written 37241 posts on Opalesque Commodities Briefing.


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