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Gold demand to wane in second half

Posted on 18 September 2013

Thomson Reuters GFMS released Gold Survey 2013, which discusses the massive swing in the market between the first and second quarters of the year, and its lingering effects. Rhona O’Connell, head of metals research and forecasting at Thomson Reuters, noted that the first half of 2013 was the period in which gold exchange traded funds, with their day-to-day transparency, became an increasingly important price maker, rather than a price taker, as an ever more unsettled professional gold market responded to bearish external financial forces.
She notes that physical demand exploded in April after a particularly nasty price fall, with gold shedding over $240 or almost 16 percent in three trading days in mid-month………………………………………..Full Article: Source


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