30.12.2013 - Little glitter for gold in 2014
At the end of each year since 2001 anyone with gold in their investment portfolio would have had reason to smile. The price of the metal rose every 12 months, from $271 a troy ounce to $1,670 an ounce by the end of 2012, a spectacular bull run. But 2013 was the year the bull retreated. Faced with macroeconomic conditions seen as increasingly unfavourable to gold persistently low inflation, an improving global economy, surging stock prices and, finally, an announcement of the phase-out of the US monetary stimulus programme investors rushed to offload bullion...............................................Full Article: Source
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