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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Asian demand for gold expected to weaken but won’t impact prices

Posted on 04 June 2013

Although Asian physical demand for gold has underpinned the market since the mid-April selloff, it could have less of an impact on the yellow metal’s price in the second half of the year.
Zhang Bingnan, secretary-general of the China Gold Association said in a media interview on Saturday that gold demand in China may slow in the second half of the year. “The kind of frenzied buying in late April and early May won’t be repeated,” he said………………………………………..Full Article: Source


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