Investors See No Reason to Buy Gold
Two Minute Recap: Reactions to Gold Price Decline
This article is for subscribers only.
Why buy gold? That’s a question that’s confounding some traders.
The eight-day rout that’s sent gold to a five-year low has some forecasters expecting more losses. Oversea-Chinese Banking Corp.’s Barnabas Gan, the most accurate forecaster of precious metals in rankings compiled by Bloomberg, predicts gold will reach $1,050 an ounce by December, a 5.2 percent drop from current levels.