Goldam forecasts fall in gold value in 2014

Source: CNBC
The Goldman Sachs has forecasted significant decrease in gold value in year 2014, as the gold is highly sensitive to the the Fed actions, which proved this week when the Fed said that stimulus soon might be cut and gold dropped by 3%. As the bank said the bullion might face 15% drop in next year, thus reaching the lowest level since year 2010, while this year the gold has tumbled around 26%
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Fri, 22 Nov 2013 15:25:04 GMT

Gold at 4-month low after Bullard's comments

Precious metal slid 0.2% to $1,241.30 an ounce as of 6:08 a.m. EDT time, touching the lowest level since July 9, after James Bullard stressed on Wednesday's Fed meeting that monetary stimulus tapering will be discussed on the next meeting scheduled for December, and it's most likely that quantitative easing will be reduced in the next few months amid strong

Fri, 22 Nov 2013 14:53:03 GMT

Kiwi drops as RBNZ announces it is overvalued

The New Zealand Dollar depreciated 0.56% against the U.S. Dollar, thus extending its loosing streak to third day and reaching the weakest level in two-months. The so called Kiwi dropped after the Reserve Bank of New Zealand economist McDermott's mentioned that the Kiwi is overvalued and the high exchange rate has contributed to the economic imbalance. 

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