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rest of 2014 and fall to US$1,150 an ounce in 2015.

Colin Cieszynski, chief market strategist at CMC Markets, also notes that weak economic data from the eurozone and elsewhere means the prospect of further central bank easing, particularly by the European Central Bank, remains a strong possibility this year. Accommodative monetary policy, which is a sign of anemic economies, has traditionally been conducive to gold prices.

"Central bank news from around the world points to reduced pressure on central banks to tighten monetary policy, and removing some of the support from paper money," Converse Grey And Black

"Although physical demand is likely to improve quarter over quarter in the seasonally strong period as we approach the end of the year, it will still fall short in providing gold prices with a solid floor," said Suki Cooper, an analyst at Barclays.

Analysts, meanwhile, continue to remain bearish on the precious metal this year despite some seemingly positive developments around the world for gold. involvement in the Iraqi conflict and the continued standoffbetween Israel and Hamas in Gaza have periodically driven demand for safehaven investments, including gold, Converse All Star Leather Sneakers For Unisex which tends to benefit from periods of economic or political instability.

markets such as China and India.

The physical gold market was in a surplus position for the second quarter, and ramped up production from gold mines is creating more slack, which Barclays analysts

he said. But gold prices remained stubbornly low.

Fundamentals keep gold price flat amid world tumult

Even data showing that the world's largest physical goldbacked exchange traded fund, the SPDR Gold Trust, rose for the first time in a month this week wasn't enough to lift gold prices. The data show the fund added 2.09 tonnes to reach 797.69 tonnes on Monday, ending four straight weeks of outflows.

Much of gold's weakness has to do with fundamentals, say analysts. Data last week from the World Gold Council showed that physical gold demand remained weak in the second quarter, especially in key Converse All Star Ox Black Size 3

It is no surprise then that most forecasters see gold prices as being muted over the next two years. Barclays expects gold to stay below US$1,300 an ounce for the Converse All Star Hi Leather Sneaker White Mono

expect will continue to be a trend this year.

Geopolitical tensions and the prospect of even more central bank easing have not been enough to boost sluggish gold prices this year. housing starts rebounded strongly last month after two straight months of declines.