Gold: The Thrill is Gone, and So Is the Story
Posted on January 17, 2013 at 13:35 PM EST
Among the big financial questions commonly posed for 2013 is whether the 12-year bull market in gold will finally come to an end. Actually it has. Gold prices peaked in the summer of 2011 and have been going sideways since October of that year – 15 months of breakeven. Metal pros expect moderate gains this year but certainly no renewed gold rush. The 23 traders and pundits polled annually by the London Bullion Market Association came up with an average 2013 gold price of $1 753 an ounce about 5% higher than current levels. Three analysts identified by Bloomberg ...