24.01.2014 - Gold will continue to face pressure
The platinum group of metals holds promise this year for investors compared to gold or silver, according to the London Bullion Merchants Association’s (LBMA) annual forecast. Over 25 analysts, taking part in a poll for the forecast, have said gold and silver will continue to face pressure, while platinum and palladium will average higher than last year. Gold, which dropped 25 per cent last year, is seen heading lower mainly on the US Federal Reserve tapering its stimulus programme. The Fed, which has already cut the programme to boost US economy to $75 billion a month, is likely to review the stimulus at the open market committee meeting during January 28-29...............................................Full Article: Source
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