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Gold price likely to hit US$1,400 an ounce

Posted on 07 August 2013

Gold price is likely to hit US$1,400 an ounce by year-end, with stable demand amid better economic expectations, says Malaysia’s largest gold jeweller. Gold price currently hovers between US$1,200 and US$1,300 an ounce.
Poh Kong Holdings Bhd executive director Ermin D.M. Siow said the price would not slide back to this year’s mid-April to mid-May level. He said one of the reasons why the sudden plunge between April and May was due to market speculation of the US Federal Reserve quantitative easing (QE) measures. ……………………………………….Full Article: Source


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