Goldman Sees Gold Price Dropping More Than 30 PercentMark Melin
While up 11% in 2014, gold experienced its biggest weekly price drop since September, 2013, this week settling near $1,331.20 an ounce. For its part Goldman Sachs reiterated its sell recommendation on the precious metal, issuing a $1,050 price target, saying the factors that led to the rise in value are not sustainable.
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