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

Physical demand will support gold prices

Posted on 22 April 2014

A recent report from Thomson Reuters GFMS has forecast an average gold price of $1,225 an ounce for 2014. The report has a bearish view on gold due to waning demand from investors.
While this will put pressure on prices, gold prices should find support at around $1,200 an ounce due to physical demand. In fact, a stronger price floor is one of the reasons for recent uptick in M&A activity in the gold mining sector………………………………………..Full Article: Source


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