22.01.2014 - Gold analysts most bearish since 2002
Gold analysts are more bearish than at any time since 2002 and expect an average price of $1,219 a troy ounce this year, according to a survey of industry forecasts by the London Bullion Market Association (LBMA). The modest forecast price lower than the spot price of $1,240 on Tuesday afternoon is a reflection of the dismal recent performance of the yellow metal. After 12 consecutive years of price rises, gold tumbled nearly 30 per cent in 2013 amid a sell off in gold-backed exchange traded funds...................................Full Article: Source
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