Gold's Forecast for 2014

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GOLD’S FORECAST FOR YE 2014 GOLD’S FORECAST FOR YE 2014

JOLENE, NATALIE, PRIYANKA
ECONS001
LARRY HAVERAMP
Done By:
JOLENE, NATALIE, PRIYANKA
ECONS001
LARRY HAVERAMP
Done By:

Table of Contents 1. GOLD 1 2. GOLD PRICE FORECAST- 31 DECEMBER 2014 2 3. OUR EXPECTATIONS AND THEIR REAONS 3 4. CONCLUSION 4

1. GOLD
In the past, precious metals were as important as currency but now they are form of investments and industrial commodities. Gold is believed to be a traditional form of safe investment which people would like to purchase and keep for the future generations. Gold is also an asset which countries invest in as part of their sovereign wealth. They hope for its’ value to maintain a steady trend on the upside so as to ensure growth in the investment. 2. GOLD PRICE FORECAST- 31 DECEMBER 2014

No. | Forecast Made (DD/MM/YY) | Organization | Type of Gold | For date: Dec 31 2014 | 1 | 13/09/2013 | Goldman Sachs | 1 Ounce | $1,050 | 2 | 13/09/2013 | HSBC | 1 Ounce | $1,435 | 3 | 20/12/2013 | ANZ Bank | 1 Ounce | $1,450 | 4 | 02/10/2013 | Fitch | 1 Ounce | $1,200 | 5 | 11/05/2013 | Deutsche Bank | 1 Ounce | $1,500 | 6 | 06/13/2013 | Société Générale | 1 Ounce | $1,150 | 7 | 09/07/2013 | UOB Kayhian | 1 Ounce | $1,200 | 8 | 09/13/2013 | Thomson Reuters GFMS | 1 Ounce | $1,300 | 9 | 09/23/2013 | Citigroup | 1 Ounce | $1,250 | 10 | 13/12/2013 | J.P Morgan | 1 Ounce | $1,263 | | | | | | | | | | | | | | Mean | $1,280 | | | | Median | $1,257 | | | | Standard Deviation | 143.5709658 | | | | Min | $1,050 | | | | Max | $1,500 |

TABLE 1: GOLD PRICE FORECAST FOR THE YEAR END 31 DECEMBER 2014
(Note: Please click on the organization title for their respective sources of information available)

Table 1
The table above shows the…...

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