22.04.2014 - Gold price likely to average $1,225/oz in 2014 as investors shy away: GFMS
A lack of investment interest in gold is starting to take its toll on the price, with an average of $1,225/oz forecast for 2014 and heading lower in 2015, GFMS said Thursday in its Gold Survey 2014. The price forecast is 13% lower than the 2013 average of $1,411.23/oz. "The price is expected to post 2014 lows in mid-year, with a fundamentally driven rally thereafter, but this is likely to peter out in early 2015," the Thomson Reuters/GFMS survey read...............................................Full Article: Source
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