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Gold price outlook for 2013 debated

Posted on 03 January 2013

Analysts are split on the outlook for gold price this year. Based on the World Gold Council’s data, overall gold demand in the first three quarters in 2012 fell about 8% year-on-year, although ETF demand and official sector purchases grew. A turn in investment demand for gold will not bode well for gold prices.
Chartists pointed out that buyers and sellers of gold have been struggling to gain control of gold prices in the past five quarters, and expected more range trading in 2013. However, most people agree that the central bank demand and the continued money printing by the major central banks will put a floor to the gold prices………………………………………..Full Article: Source


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