| Analysts and traders surveyed by Reuters have predicted that gold prices could fall to $1,000 per ounce by the end of the year for the first time since 2009. The case against gold comes from a stronger dollar, a robust equities market and an improving US economy – a factor that could also prompt the Fed to tighten monetary policy.
Gold slipped nearly one per cent in early trade on Monday after a short covering rally in the previous session fuelled by a softer-than-expected US jobs report. Despite a 3 per cent jump on Friday, gold remained below a key $1,180-an-ounce level that could pressure the metal back to 4-1/2-year lows reached last week on a strong dollar and fears regarding an upcoming rate hike by the US Federal Reserve...............................................Full Article: Source
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