Global gold continues its decline

Goldman Sachs is expected to continue the falling of gold prices until 2014

Gold prices continued to the world for the second day in a row losses today following the announcement of U.S. retail sales data which saw an improvement better than was expected, something which played down speculation about the U.S. central bank announced a new quantitative easing.

Despite this, the hopes held on to take the European Central Bank from Ajerouat would deal with the debt crisis may have contributed to the grinding keep gold prices near $ 1600 level, which dropped him yesterday.

Gold prices recorded a new day down as the price of spot gold market to 1596 dollars an ounce, down 0.1% to score a total decline this week by 1.4% with upward tendencies this year, waiting for investors Amahgmin signals and clearer data on monetary policy.