The gold markets had a back-and-forth week during the previous five sessions.The low volatility has returned to the precious metals markets.
All Major banks now expects gold to average $1,856 an ounce and in 2014 to $1,900/oz, reductions of 12% and 5% respectively on its previous forecasts.
Every one predicts bullish of gold over the long term.
On today’s agenda: Euro Area unemployment rate, German Factory Orders, Euro Area unemployment rate, China’s Trade Balance, and China New Loans.
