The exchange-traded product market expects gold exits to slow further over the second half of 2013, after Goldman Sachs kept its gold price prediction steady for the rest of the year.
A note from Goldman Sachs this week predicted the price of gold will average $1,413 an ounce for the year, after the yellow metal shrugged off recent falls. Gold was trading at around $1,329 an ounce this morning, according to Bloomberg data, after sharp falls since February, including the biggest daily drop for 30 years in April.