Gold decline to persist in 2014: SocGen

[miningmx.com] – WEAKNESS in the price of gold would persist throughout 2014 even though the super-cycle could continue for a further two decades, said Societe Generale analyst, Michael Haigh.

Haigh, who forecast gold’s rout earlier this year, said bullion may average $1,150/oz next year – the lowest annual average since 2009, said Bloomberg News.

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