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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Physical demand from emerging markets to drive gold in 2014

Posted on 06 March 2014

HSBC — the multinational banking and financial services company — in its latest released gold analysis report has stated that physical demand for jewelry, coins and bars from China and other emerging markets will turn out to be the key driver for gold prices in 2014. The report further states that rampant outflows from gold Exchange Traded Funds (ETFs) may stabilize during the year.
According to HSBC, investment demand had fuelled the rally in gold prices during the past decade. But this investment demand has largely dried up and is no longer defining gold price movements. Instead, rising demand for physical gold out of China and other emerging economies has become the key driver of bullion prices in 2014………………………………………..Full Article: Source


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