For years now, consumers interested in recouping the value of their jewelry have focused squarely on gold, thanks to dramatic price gains that captured business headlines around the world, particularly in the wake of the global financial crisis. But given that gold prices declined by 30 percent in 2013, has the era of We Buy Gold finally come to a close?
Gold price is highly volatile
Naturally, predicting where gold prices will head in the coming year is an imperfect art, at best. However, some of the world’s best gold-market analysts, veteran forecasters with the London Bullion Market Association, believe average gold prices will range from $1,067 to a maximum of about $1,379 in 2014. Gold prices ended last year at about $1,200, which was quite a change from the Sept. 2011 all-time high of $1,921.15 an ounce. Indeed, this reversal of fortunes marked the end of a 12-year run in which gold prices had headed in only one direction, up.
