Is Gold Due for a Pause?

Precious metals consultancy GFMS are bullish about gold prices. Executive Chairman Philip Klapwijk explains why.

Strong demand for gold from jewellery manufacturers is providing underpinning for the market, so when stronger investment demand comes through it should lift prices from current levels of around $472 to above $500 in the first half of next year.

That's the bullish forecast from GFMS, the precious metals consultancy. At a presentation in London last month, GFMS executive chairman Philip Klapwijk spelled out these reasons for optimism:

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