In a piece up at Project Syndicate, economist Nouriel Roubini says gold will fall to around $1,000 before the end of 2015.
He gives six reasons why.
We summarize:Gold spikes during extreme crises. The crises are over. Gold does well during periods when there's a risk of high inflation. That clearly is no longer a big worry, given how much central banks have unsuccessfully tried to stoke even modest inflation. Now with the economy recovering, nobody wants to be in rocks that don't pay any dividends. Real interest rates are rising. That kills gold.