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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold may hit $2025 in 2012 and $2280 in 2013

Posted on 30 November 2011

The growing demand for Gold bars and coins reflects safe haven demand, while exchange-traded fund buying in November has recorded inflows, said Anne-Laure Tremblay, precious metals strategist at BNP Paribas.
According to Tremblay, the sell-off in gold holdings may have occurred in the over-the-counter market, which is dominated by institutional participants. The decline in exposure to gold may be linked to large-scale, cross-asset liquidation. Notably, gold holdings may have been sold to meet losses elsewhere and added that selling in indexes may have also resulted in price falls………………………………………..Full Article: Source

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