| Hopes that a recent gold price rally might lead to a definitive comeback have proved to be in vain. Analysts are once more pointing to a "bear trend" that could persist into next year. The price of gold dropped again yesterday when a slight rise in the dollar "pushed investors to take profits on recent gains", the Wall Street Journal reports.
Having briefly gone above its 200-day moving average last week – peaking at $1,187 an ounce – the precious metal is back below this key threshold and has now settled at around $1,166. While some analysts have suggested that gold's first break above this barrier in five months would lead to a positive year-end close of above $1,200, gold's return to its recent price range is prompting predictions of a drop towards $1,000 an ounce...............................................Full Article: Source
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