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

JP Morgan turns ever so slightly bullish on 2014 gold price

Posted on 07 January 2014

Predictions for the gold price in 2014 by investment and bullion banks don’t vary much in that the majority predict a decline this year. There are bulls – none of them anywhere near raging – like Germany’s Commerzbank and Scotia Mocatta which predict a return to $1,400 an ounce.
Barclays is somewhere in the middle with a move to $1,350 in the first half but for gold to be back to around $1,270 by end-2014. Merrill Lynch sees the opposite price movement with $1,350 hit at the end of the year………………………………………..Full Article: Source


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VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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