The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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Goldman: Taper to mark another move south for gold

MADRID (MarketWatch)
Federal Open Market Committee , where the central bank is widely expected to begin to taper its bond-buying purchases, could prove a catalyst to push gold prices lower, said analysts at Goldman Sachs in a note
"While the recent rally has brought prices above our near-term $1,300/troy ounce forecast, we continue to expect that gold prices will decline into 2014 on the back of an acceleration in U.S. activity and a less accommodative monetary policy stance," said the team of commodities research analysts, led by Jeffrey Currie
Some relief could come in the form of the looming debt ceiling, which could "initially limit the downside to gold prices until it's raised by the end of October."
The analysts said they are sticking to three- and six-month targets of $1,300 an ounce on gold
For 12 months, Goldman's target is $1,175 an ounce

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