“Bearish sentiment toward gold has prices for the yellow metal tumbling again.
On Wednesday, George Soros revealed through a regulatory filing that he cut his gold exposure during the first quarter.
In a new note to clients, Credit Suisse‘s Ric Deverall forecasted that gold would plunge to $1,100 this year and eventually to $1,000 within five years. This according to Bloomberg’s Maria Kolesnikova.
More from Kolesnikova…”
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