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Deutsche Bank sees Gold to drop to below $1,200/Oz by year-end
Sep 10, 2014 21:58Source:SMM
Gold has been the casualty from the consistently strong US data, which has fed through into US Treasuries and the equity markets.
UNITED STATES September 10 2014 12:30 PM
NEW YORK (Scrap Register): Gold has been the casualty from the consistently strong US data, which has fed through into US Treasuries and the equity markets.
Deutsche Bank continues to forecast a price decline down to $1,200 an ounce by year-end. Although palladium remains a structural preference, the metal will be subject to short-term volatility with Russia-Ukraine news flow impacting sentiment.
The most active December Comex gold was last traded down $4.10 at $1,250.20 an ounce. Spot gold was last quoted down $6.10 at $1,250 an ounce.
Deutsche Bank
gold prices
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