02.01.2015 - Asian Investors Need To See Higher Gold Prices in 2015 Before They Buy More - ANZ
Chinese demand for physical gold is expected to remain consistent in 2015, but prices need to move higher to attract new buyers to the market place, according to a commodity analyst from ANZ Bank. Although volatility has been high in the last few months, gold prices are hovering near unchanged levels from where they started in 2014. After a year of stabilization, investors need to be confident that prices are on the rise before they jump back into the marketplace, said Victor Thianpiriya, commodity strategist at the Australian bank. He added that the fundamental picture of the gold market could point to modestly higher prices in 2015...............................................Full Article: Source
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