Goldman Sachs predicts a "significant decline" in gold in 2014, following losses of around 26 percent in the previous metal so far this year.
The decline would bring gold down to $1,057 an ounce – prices not seen since early 2010.
Gold suffered a sharp fall this week as better-than-expected U.S. economic data raised the possibility that...
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Will Asia’s gold bugs come to the metal’s rescue?
While Asian consumers have been an important force in the gold market, helping to offset the blow from heavy bullion-backed exchange traded fund (ETF) selling this year, they may not rescue the precious metal from its steep drop this time around, say analysts.
Gold prices fell over 2 percent on Thursday, breaking through the key...
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US crude rallies to near 2-month highs on refinery demand
U.S. crude oil futures rose more than 1 percent on Thursday spurred by refiners needing oil to meet robust distillate exports and as traders bought contracts to cover short positions.
The sharp move in crude oil futures came on thin volume after the market rose to a key technical level, triggering stop losses and forcing traders...
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Dollar climbs further on Fed-taper updraft
The Fed said Wednesday it would cut the size of its monthly asset purchases to $75 billion a month, beginning in January. The central bank tempered its announcement by emphasizing that interest rates would remain low “well past” the time that the unemployment rate falls below its 6.5% threshold, further emphasizing the idea that tapering...
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