Although Roubini made headlines on Monday with his forecast that gold will drop to $1,000 an ounce by 2015, he is not the only bear in the marketplace. A few firms have updated their forecasts and expect prices will continue to drop.
By far Roubini, nicknamed Dr. Doom, is the most bearish in his predictions; on Saturday he published a report highlighting six reasons why prices would fall to $1,000 by 2015.
Mathieu D’Anjou, senior economist at Desjardins Economic Studies said that although he is expecting prices to decline, he doesn’t think that prices will reach Roubini’s target. He expects prices to hit $1,200 in the long-term.
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