Gold’s monkey magic seen fading after biggest advance since 1980

Goldman Sachs Group on Tuesday reiterated its December forecast that prices will drop for a fourth straight year, dipping to $1 000 by the end of 2016. The bank expects the Federal Reserve to increases US interest rates no fewer than three times, eroding the appeal of the metal because it doesn’t pay dividends like bonds or stocks.

Gold’s monkey magic seen fading after biggest advance since 1980