22.03.2012 - Gold price unlikely to break 2011 peak: CPM
Gold prices are unlikely to exceed its intraday peak hit in 2011, CPM Group stated ahead of its release of the “Gold Yearbook 2012”on March 27, 2012. Gold prices had hit an all time highs around $1920/oz in 2011, but has failed to break through the level ever since. Meanwhile, demand for gold is seen easing on improving investor sentiment. US economic data has bee mostly encouraging, indicating a possible strong recovery and is attracting investors into the equity markets...............................................Full Article: Source
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