| The dollar gold price hovered just below $1,610 an ounce Thursday morning, while stocks and commodities fell along with the euro as disappointing economic data was added to news that Cyprus's banks will remain closed until next Tuesday.
"We forecast the gold price to have dropped to below $1,400 by year-end and for it to continue to trend lower next year," says a note from Societe Generale. SocGen has cut its average gold price forecast for this year to $1,500 an ounce, with the per ounce averages for 2014 and 2015 cut to $1,400 and $1,300 respectively...............................................Full Article: Source
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