| The boss of one of the world's largest bullion dealers - which opened its first Asian office in Singapore last week - believes gold has rosy prospects over the longer term although prices are depressed now.
Wolfgang Wrzesniok- Rossbach, chief executive of German firm Degussa Goldhandel, told The Straits Times in an interview last week that he remains bullish on gold and expects prices to rebound to about US$1,500 an ounce next year. Gold prices have been trending downwards in recent years amid a dimming global economic outlook. Prices for spot gold stood at around US$1,149 an ounce last Friday, about 39 per cent lower than its most recent peak of US$1,882.96 in September 2011...............................................Full Article: Source
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