| Gold should stay centered around $1,300/oz, not moving more than $50 in either direction, through the end of the year. Forces holding gold within that narrow band include the U.S. Federal Reserve tapering quantitative easing to a point where, possibly in mid-October, asset purchases will end and interest rates will increase. Also, the macroeconomic environment's improvements are still fairly soft.
The one area of concern that could drive gold either much higher or much lower is the continuing crisis in the Ukraine. There is safe-haven demand around the world to avert exposure to what is now viewed as a soft conflict. If the conflict between Ukraine and Russia escalates, gold could go above $1,350/oz. If there is a peaceful resolution, gold could dip lower before coming back up $1,250–1,300/oz...............................................Full Article: Source
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