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Gold near bottom in 2014; nurses biggest loss in 32 years

Posted on 22 January 2014

Gold in 2014 will not push much lower from current levels around $1,250, although investors hoping last year’s 28 per cent battering will bring a bounce back face disappointment, consensus estimates in a Reuters poll show.
Gold last year hit its lowest since August 2010 at $1,180.71 an ounce. That blew away expectations of analysts polled this time last year, who had forecast a modest 6 per cent rise from 2012’s average……………………………..Full Article: Source


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