goldnews.bullionvault.com / January 25, 2013
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Over in Asia, meantime, China is “now clearly the largest global consumer of gold” – overtaking India at last – says the latest Commodities Weekly from Natixis.
Analysts at the French investment bank and bullion dealer point to the latest available import and mining-output data available from the world’s top two gold buying nations.
“India’s low figure is the combination of a weak rupee, slower economic growth and higher import tariffs.”
On the supply side, Gold Mining bosses are “more optimistic” about gold prices in 2013 than they were in 2012, says the new Global Gold Price Report from consultancy PwC.
“Eighty-three per cent of executives believe we will see a rise in the price of gold, with zero expecting to see a decline,” says PwC.
“Executives of some of the largest gold companies expect to see the price of gold climb beyond $2000 in 2013.”
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