Monday, 19 August 2013

CapitalVia- Gold price range $1,350-1,550 over next 2 years

☛ Gold’s movement could be volatile due to a number of factors such as the proposed cut in stimulus package by the US, India’s policies against gold including duty hike, currency movements. 
☛ Gold prices are likely to rule sideways in the next two years, ranging between $1,350 and $1,550 an ounce, said Jeffrey M. Christian, Managing Partner of CPM Group LLC. 
☛ Silver, on the other hand, could move rule in the range of $18-23 an ounce and any consolidation in its price is likely only after 2015.

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