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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold price seen plunging to $1 200/oz over coming year

Posted on 03 May 2013

The gold price is expected to continue falling to as low as $1 200/oz over the next year, after what seemed to be an unstoppable climb over the past 12 years, says investment company Rezco Asset Management investment director Rob Spanjaard.
He adds that Rezco attributes the drop in price mainly to a large number of exchange-traded funds being liquidated. “The primary problem is that there was speculative money in gold, which is currently being withdrawn. As soon as the gold price stops rising, speculative investors start changing their minds………………………………………..Full Article: Source


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