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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Why China is set to drive gold prices skywards

Posted on 29 October 2013

The strength of gold bar, coin and jewellery demand across Asia helped gold to rebound from three-year troughs below $1,200 in the summer. Looking further ahead, in my opinion the prospect of accelerating physical demand from these regions — and in particular China — combined with enduring difficulties in the world economy, provide the perfect melting pot for gold to rise strongly.
And if, like me, you believe that gold is ready to stage another surge to the upside, in my opinion SPDR Gold Trust and Gold Bullion Securities are an excellent way to pocket gold-lined gains. These exchange-traded funds (ETFs) are designed to follow movements in the metal price………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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