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Fundamentals Suggest Gold Will Continue to Climb in 2013
Jan. 03, 2013 08:08AM PST
Precious Metals InvestingMineweb reported that the fundamentals are in place for gold to continue to rise healthily in 2013.
Mineweb reported that the fundamentals are in place for gold to continue to rise healthily in 2013.
As quoted in the market report:
On the demand side, Gold and silver coin sales and ETF investment remains at an extremely high level despite the recent gold market shenanigans. Central Banks are continuing to buy gold at significant levels, while Asian markets continue to see a high rate of gold purchases and there is very strong anecdotal suggestion that China, in particular, is substantially increasing its own gold reserves without accounting for the rise yet in its ‘official’ figure.
