Gold prices see a moderate movement in 2014

New York (Jan 3)  Movements in gold prices indicated a moderate shift in the year 2014, as per reports. The said prices touched around $1,200 per ounce in the international markets at the end of 2014, which was around same levels in the corresponding period of 2013.

Factors of the US economic recovery, strengthening of the US dollar and weaker oil prices influenced stability in gold prices. There was a mild shift in prices through the year – the peak touching $1,380 in March and low of $1,140 in November.

Gold did not seem as attractive as an investment option, as people chose stocks and other investment options, as per reports.

Although, India could see some respite with jewellery demand for the wedding season especially as the government has withdrawn the 80:20 gold import scheme.

Source: DiamondWorldNet