人民网
Thu,Jan 2,2014
English>>Business

Editor's Pick

Gold set to fall 30% in 2013--US tapering and low inflation to blame

(CNTV)    07:10, January 02, 2014
Email|Print|Comments       twitter     facebook     Sina Microblog     reddit    

BEIJING, Jan. 1 -- Gold is losing its glitter. Prices have headed south ever since the spectre of US Fed tapering appeared. The yellow metal's price is set to end the year with a loss of nearly 30%.

That's the biggest yearly loss in three decades. A sharp turnaround from the past 12 years of rises. Back in 1999, gold was just 251 dollars per ounce -- it jumped almost seven times to a high of 1900 dollars per ounce in 2011. It's now trading just above 1200 dollars. The general belief is the end of gold's bull run -- tame inflation and strong stocks robbing the precious metal's shine. But some analysts say if the global recovery hits a snag next year, gold prices may rebound.

(Editor:intern1、Yan Meng)

Related reading

We Recommend

Most Viewed

Day|Week|Month

Key Words

Links