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GFMS sees gold demand falling before prices resume drop in 2014

Posted on 12 September 2013

Gold demand will fall in the second half as bar buying slips from a record and central banks add less to reserves, while prices may climb toward $1,500 an ounce by early next year before dropping, Thomson Reuters GFMS said.
Total demand will slide to 2,237 metric tons this half from 2,309 tons a year earlier and 2,533 tons in the first six months of 2013, the London-based researcher said today in a report. Jewelry demand that reached a six-year high in the first half on record buying in China will ease in the six months through December, it said………………………………………..Full Article: Source


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