NEW YORK (TheStreet) -- gold prices could sink to $820 an ounce by 2014, in the absence of inflation or strong demand from China, says a Citigroup analyst.
Over the last decade, gold prices have soared from $250 an ounce to an all-time high of $1,227 an ounce, with many analysts believing that gold is in a continued bull market despite short-term pullbacks. Heap broke with this bull view by saying in a research analysis, "Gold: Paper Problems," that prices will sink to $820 by June of 2014 and head lower long term to $700 an ounce. >>Read the bull's case >>Read the bear's case >>Where is the price of gold headed? Vote in our poll. Loading Comments... 1 2 3 4 5 6 7 8 9 Next › Last »SHARE:
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