Goldman Sachs Group Inc (NYSE:GS) analysts Damien Courvalin and Jeffrey Currie are neutral on gold in the near term, but take a bearish view for 2014 according to a new research report.
Gold in 2013
In their report dated September 16, the analysts plot a mostly unchanged view from current prevailing prices for the rest of 2013, consistent with their projection of $1,300/toz for 2H13.
A key bearish factor is the vanishing risk premium after the drums of war quieted in Syria. The analysts point out that gold rallied as the crisis escalated but effectively gave up those gains once it...
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