Gold could still reach 1,300 dollars/oz this year

摘要

Precious-metals consultancy GFMS says that the price of gold could still rise above the 1 300 dollars/oz mark in the second half of the year, driven by strong growth in investment demand. The higher price will be aided by physical markets adjusting to higher price levels, as indicated by the rebound in fabrication demand and the drop in global scrap supply in the first half of the year, in spite of considerably higher average dollar gold prices, says GFMS chairperson Philip Klapwijk.