Sunday 30, June 2013 by Gerhard Schubert

Precious Metals Report: Outlook for gold bleak?

Gold started the 2nd Quarter trading just shy of $1600, meaning that the gold price lost 26 per cent in this last quarter alone. The outlook is bleak and a lot of damage has been done to the sentiment of the investment community. However, the odds are that the worst might be over (in percentage terms) and that there will be a level where the price will find the equilibrium between supply and demand.