21.02.2014 - Global gold prices hit a trough in 2013, look for the next big move
Investment funds sold off a staggering $40 billion worth of gold in 2013, swamping global demand for gold bars, jewelry and coins, as a more optimistic world economic outlook encouraged a switch into riskier assets. But the rout in gold prices — they dove almost 30 percent last year — would have been much worse without burgeoning consumer demand in some countries, particularly in China, according to CNNMoney. During 2013, China eclipsed India as the world's biggest market for gold...............................................Full Article: Source
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