| Gold is headed for its first annual loss since 2000 as an improving economy cut demand for wealth protection. Gold in international fell 28 percent this year to USD 1,201.10 an ounce. Investors lost faith in the precious metal as a store of value as equities rallied and an economic recovery prompted the Federal Reserve to pare its USD 85 billion in monthly bond purchases.
Analysts at J.P Morgan Cazenove lowered their forecasts on gold prices - by 10 percent to USD 1,263 an ounce for 2014 and by 12 percent to USD 1,275 for 2015, according to their research note...............................................Full Article: Source
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