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Reuters: Gold demand to wane in the second half of 2013

Posted on 17 September 2013

Gold traded funds, with their day-to-day transparency, became an “increasingly important price maker, rather than a price taker,” during the first half of 2013, according to Rhona O’Connell, Head of Metals Research and Forecasting at Thomson Reuters. as the market responded to bearish external financial forces.
In the “Gold Survey 2013 – Update 1” report, published by Thomson Reuters GFMS, O’Connell said that demand on gold “exploded in April after a particularly nasty price fall, with gold shedding over $240 or almost 16% in three trading days in mid-month.”……………………………………….Full Article: Source


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