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Gold to average $1,847 in 2013 on institutional, investor buying – GFMS

Posted on 17 January 2013

Gold prices are likely to average $1,847 per ounce this year as central bank buying continues and the US liquidity programme remains in focus. This is the view of Thomson Reuters GFMS’s Philip Klapwijk.
Klapwijk said, “it may be that 2012 turns out to be the pause that refreshes - the 6% rise in annual average prices is still not that bad [but]… we still think that the outlook is pretty positive for 2013 given the expected economic and financial backdrop this year which should support a high if not higher level of investor and also in fact central bank interest on the buy-side in gold. “……………………………………….Full Article: Source


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