Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Investment, Research more

‘Investment demand in gold to drop 3pct in 2013′

Posted on 27 March 2013

The average price of gold is expected to fall in 2013 for the first time in 11 years, as fears of catastrophic market events fade, prompting investors to scale back bullion purchases, commodities research and consultant CPM Group said.
In its report released today, the New York firm said it expects net buying by gold investors to drop for a second consecutive year and weigh on bullion prices, even though gold fabrication and central-bank demand will rise this year. CPM Group did not put a figure on gold’s overall percentage price fall. In 2012, the price of the yellow metal rose six per cent from 2011 to an average around $1,670 an ounce, it said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031