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gold forecast 2014

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Gold at 2-week high

Gold rose to a two-week high today after its longest rally since last August in New York. A weak US jobs report last week raised questions over economic recovery, which could potentially slow the pace of the Federal Reserve’s stimulus tapering

Bearish gold 2014 forecast

Gold 2014 target was cut 12 percent to $1,160 an ounce and the prediction for 2015 reduced 13 percent to $1,138, in a report Morgan Stanley published today. Gold remains under pressure as the global recovery gains traction, increasing the risk