Gold at mid-$1,800s by year end: Thomson Reuters GFMS

By Michael Allan McCrae

Lack of confidence in the US economy will push gold to mid-$1,800s by year end, says Thomson Reuters GFMS that  launched its Gold Survey 2013 yesterday.

The consultancy conceded the recent weak gold markets but says the economic data is patchy and an underlying weakness persists.

“Gold is likely to remain very sensitive to …read more