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Why gold prices will explode following disappointing first quarter

Posted on 02 April 2013

Resurgent confidence in the global economy has propelled equities higher in recent months, and investors have in turn shunned the safety of traditional flight-to-safety asset gold. Indeed, the yellow metal is set to record its worst quarterly performance in more than a decade following a 3.7% drop to around $1,600 per ounce.
However, I am convinced that a backdrop of rising inflation — coupled with enduring hiccups in the macroeconomic recovery, particularly in the eurozone — should send yellow metal interest higher as the year progresses. Gold bugs can latch onto rising metal prices through SPDR Gold Trust and Gold Bullion Securities, instruments that are designed to track movements in the gold price………………………………………..Full Article: Source


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VRS - who has written 36221 posts on Opalesque Commodities Briefing.


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