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GFMS sees investment demand continuing to support gold in 2013

Posted on 17 January 2013

Investment demand should continue to support gold prices in 2013, said a metals consultancy firm on Wednesday. Thomson Reuters GFMS said the reasons that have supported gold prices in its current bull run remain intact. “Although there is now growing speculation around the structure and longevity of the Fed’s QE (quantitative easing) program, policies of ultra-low interest rates across the Western economies will persist in 2013.
This will continue to support investor interest in gold in the absence of low risk investments that can offer acceptable yields,” said Philip Klapwijk, global head of metals analytics at Thomson Reuters GFMS………………………………………..Full Article: Source


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