Goldman Sachs forecasts gold to tank in 2014
Duncan Richardson, News Editor
14 Jan 2014, 12:23 p.m.
Jeffery Currie, Goldman Sachs research analyst is predicting gold will finish 2014 at $1,050 per ounce, which is 16% down from its current price level. Currie expects gold to lose favour as inflationary expectations in the US ease and as the economy reaches escape velocity. Currie is also bearish on copper and expects ongoing tension in the Middle East to continue to affect the oil markets.