According to Business Insider quotes, Goldman Sachs confirmed its forecast of gold prices in 2014 at $ 1,050 per ounce due to the recovery of the US economy and the expected growth of interest rates.
"Although we recognize the influence of the factors that catalyze the rally, like the current one, we consider bank interest rates the main reason for our gold price forecasts," the bank said. "As a result, we foresee a tangible decline in gold prices and confirm our forecast."
On Monday, the price of gold reached a level above $ 1,380 per ounce - the highest since June last year and a value that is 14.8% higher than the quotes of the beginning of the year, the Russian Jewelry Network reports with reference to www.MetalTorg.Ru.