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Gold price set for ‘modest recovery’ in 2014

Posted on 06 January 2014

Gold is expected to see a “modest recovery’ in 2014 after last year’s dramatic decline in prices, according to market analysts. The precious metal lost nearly 30 percent of its value in 2013, its worst decline in decades. The end of the 12-year bull-run came ahead of the U.S. plan to reduce its monetary stimulus.
Jeff Rhodes, founder and managing consultant for Rhodes Precious Metals Consultancy DMCC in Dubai, said that 2014 would be “a year of consolidation and modest recovery” in the gold market. “My feeling about 2014 is that you’re likely to see the market consolidate and stabilize,” Rhodes told Al Arabiya News………………………………………..Full Article: Source


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