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Gold unlikely to bounce back for some time - Kendall

Posted on 18 October 2013

Gold prices are likely to bump along the bottom for some time, says Tom Kendall, head of Precious Metals research at Credit Suisse.
He said the problem gold has at the moment, “is that even if you are an investor who believes that you should have a significant allocation to gold as a hedge against inflation or some other… risk hedge, you probably accumulated that allocation through 2009, 2010, 2011 and you don’t need to add to it at the present time, or until there is a feeling that there is a greater prospect of inflation on the horizon.”……………………………………….Full Article: Source


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