Poll expect a further drop of gold prices
Poll expect a further drop of gold prices
09/11/2014 16:05 GMT
Agencies – expect a large number of traders and analysts in a Reuters poll that gold prices could fall to $ 1,000 an ounce by the end of the year and for the first time since 2009, despite the rise of three percent on Friday, thanks to purchases to cover short positions.
He said half of the respondents who had been on Wednesday and Thursday and the 27 that gold prices will drop support for the President of the level at $ 1,100 an ounce by the end of this year.
But speculated that a large proportion Descent yellow metal to $ 1000 to record the lowest level in five years, while only two of the participants in the survey predicted that rises above the level of $ 1,200.
The prospects for silver prices may be darker because most of the participants in the survey expect prices to go down ten percent to $ 14 an ounce, the lowest level in five years.
Said John Meyer, an analyst at brokerage SB Angel “will affect the strength of the dollar to gold in the short term.”
The survey was conducted before the rise of gold in online transactions last Friday after falling to its lowest level in four and a half years near $ 1130 as investors covered short positions after the US jobs that came below expectations of data.
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