(Bloomberg) -- Gold may decline to $1,098 an ounce after its “unsustainable” rally to a record this month, according to Royal Bank of Scotland Group Plc. The attached chart shows bullion fell about $141 through late April after peaking in mid-February, and slipped about $186 from March to April last year.A drop to $1,098 “looks the most obvious target for the current correction,” the bank said in a report dated Dec. 15, referring to a series of numbers known as the Fibonacci sequence. That would represent a 23.6 percent retracement of the metal’s rally from an October 2008 low to its record.
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