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

Gold price seen as still high despite big fall

Posted on 22 May 2013

Singapore government investment chief says it is difficult to justify the current value of the metal given its limited practical usage. While falling gold prices have sent a flood of Chinese housewives to Causeway Bay jewellery shops to hunt for bargains, Singapore’s top investment official has warned that the precious metal still looks overpriced.
Lim Chow Kiat, the chief investment officer of the Government of Singapore Investment Corp, told a forum yesterday that it was difficult to justify gold prices given its relatively limited practical use……………………………..Full Article: Source


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