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Creamer Media publishes Gold 2014: A review of Africa's gold sector research report

27th August 2014

  

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Gold started steadily in 2014, recovering from the $1 200/oz mark, while financial markets adjusted to the start of asset tapering by the US Federal Reserve  (Fed) in January. The stronger start has prompted many upward revisions to bearish forecasts, with some analysts forecasting a trading range of between $1 180/oz to $1 390/oz from between $1 050/oz to $1 360/oz.

Precious metals consultancy Thomson Reuters GFMS expects the gold price to average $1 225/oz in 2014, basing its prediction on the forecast tapering of the Fed’s quantitative easing programme, increases in US Treasury yields and equity markets, as well as a stronger dollar, all of which are negative for gold, as they dampen the appetite for the metal as an asset class. This has led some forecasters to predict that, based on recent corrections, gold will drop below the $1 000/oz level for a sustained period.

Creamer Media’s Gold 2014 report reviews the global gold market, particularly focusing on the South African gold sector and gold companies that have operations in Africa.

This report is a summary of information published in Engineering News and Mining Weekly, as well as of information available in the public domain.

The report does not purport to provide analysis of market trends.

To purchase a copy of the report, click here.

Edited by Creamer Media Reporter

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