11.09.2014 - Will gold fall to $1200/oz? A matter of time, says IIFL
With festive season just around the corner, for most of us investing in gold is like a ritual, which has to be followed at any cost. But a wait to dig into the precious metal could prove to be more rewarding as global and local factors cast shadow on gold’s prospects to shine bright this year. Research firm IIFL foresees global gold price falling to USD 1,200/oz in a matter of time. It doesn’t find any persuasive factor to allocate funds to the yellow metal now. Rate hike by US Fed There are widespread expectations that strong US economic data could trigger a rate hike by the US Federal Reserve sooner than expected. Once rates are hiked, gold, a non-interest yielding asset may not remain an attractive option for investors...............................................Full Article: Source
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