Gold: Prices to remain under pressure in 2013 - ICICI Bank : Treasury Research

Gold prices traded largely lower this month. Prices currently at around USD 1410/oz fell by around 5% in May and 16% on a year to date basis. We expect gold prices to remain under pressure this year amidst continued market speculation of tapering of Fed's QE and hence maintain our gold prices forecasts of USD 1330-1380/oz for the year end.

Source : Equity Bulls

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