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Demand from China and India alone may not be enough to boost gold prices

arabianmoney.net / 09 January 2014

Record demand for gold from China may still not be enough to compensate for a fall off in buying by investors in developed markets who no longer see the need for hedging against inflation.

Michael Widmer, metals strategist atBank of America Merrill Lynch Global Research, says the macroeconomic concerns that caused investors to pour money into gold are no longer there and emerging market demand alone will not boost the price of the precious metal…

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