11.03.2015 - Gold price: Apple Watch 'will boost gold price'
The languishing gold price could soon be on the rise, some analysts predict, as Apple starts stoking demand with its new gold smartwatch. As well as becoming one of the most sought-after tech devices of the year, the new Apple Watch could become the "world's biggest gold price catalyst" in 2015, MoneyMorning.com suggests. The high-end Watch Edition will have a case made of 18-carat gold and will start at $10,000. Even under the most conservative sales projections and estimates of how much gold will be used in the production of each Watch, the device is likely to have an impact on gold prices, the site suggests...............................................Full Article: Source
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