13.10.2011 - Gold to reclaim record highs in 2012 - fund manager
Gold prices are expected to scale record highs next year as the asset's bullish fundamentals trump the current macroeconomic uncertainty that led to a recent selloff in the precious metal, says a commodities fund manager. The slump in gold last month has resulted in a "wash-out" of speculators in favour of more stable long-term buyers like exchange-traded funds and central banks, said Diego Parilla, chief investment officer of new Singapore-based commodities hedge fund NARECO Advisors..............................................Full Article: Source
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