[miningmx.com] – GOLD investment through exchange traded products would fall another 285 tons this year and result in the average price for gold falling to about $1,200/oz, Societe Generale SA said in a recent report.
The pressure on ETN holdings and the gold price was linked to improvements in the US economy which would ease the requirement for stimulus, the brokerage said. The gold price is currently at $1,386/oz.
Click here to read the full article
