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Goldman Sachs: Gold will drop $200 by end of year

Posted on 05 September 2014

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery on Thursday continued to drift lower, trading at a near 3-month low. In afternoon trade gold was changing hands for $1,266.00 an ounce, down more than $4 an ounce compared to yesterday’s closing price.
The latest retreat in the price pares the metal’s gains for the year to under 5%. The 2014 low for gold is $1,244 reached June 2, but many analysts believe the gold price has much further to fall………………………………………..Full Article: Source


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