HSBC isn’t bothered by the $125 drop in gold prices since late August. They’ve raised their year-end target to $1446/oz from $1396/oz.
SocGen is on the other side of the trade, they say it will drop to $1200 by year end. Even worse, Goldman Sachs says there is a risk gold could drop below $1000 but their target for 2014 is $1050.
h/t to @FGoria
