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Gold prices to bounce higher as jewelry demand picks up investor slack: Macquarie

Posted on 11 July 2013

Gold prices are oversold and should end the year higher as the market restructures itself, said Matthew Turner, precious metals analyst at Macquarie Commodity Research.
In an interview with Kitco News, Turner said the gold market has been volatile recently because it is in the midst of rebalancing away from investor demand and back into its more traditional role for jewelry demand. “This is a huge change for the market and its going to take time to find the right price,” he said………………………………………..Full Article: Source


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