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Gold Prices May Fall to 4-Year Low This Year: Report

Posted on 08 May 2014

Gold prices have probably peaked this year and could sink to their lowest since 2010 at $1,100 an ounce as the US economic recovery gathers pace, consultancy Metals Focus said on Wednesday.
Weakness is likely to set in after an impressive start to the year, it said, when gold rallied to six-month highs. But a replay of last year’s 28 per cent plunge, triggered by the U.S. Federal Reserve’s tapering of extraordinary stimulus measures, is not on the cards. The consultancy also forecast that an eventual easing of tensions in Ukraine would add to a bearish trajectory for the market………………………………………..Full Article: Source


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