![]() ![]() ![]() “If, on the other hand, the employment pickup slows and economic growth dissipates, gold should be back with a vengeance. “If growth does prevail, gold should not be expected to have much of a probability of posting a number above $1,300/oz. The precious metal typically tends to do well in periods of political and economic instability, but sentiment has turned increasingly bearish with the U.S. Gold prices have steadily declined since hitting a record intra-day price of US$1,909 an ounce on Aug. Most analysts expect gold prices to remain flat at current levels until the end of 2014, with the median gold price forecast sitting at US$1,260 an ounce, according to analysts surveyed by Bloomberg. “It should perhaps not be surprising that the market offers little value at a gold price scenario declining to US$1,200 an ounce,” analysts said. By singing extra softly, and omitting the original’s percussive beat, Chance the Rapper while backed by. “Once we tighten the screws and apply a declining gold price environment, only Endeavour and Centamin remain.”īut CIBC World Markets warned that the investment thesis evaporates if prices decline any further this year. His first order of business: covering Drake‘s Feel No Ways. “Endeavour, Centamin, Sibanye and AngloGold remain viable investments,” CIBC World Markets said. ![]()
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