Short-term gold dip likely, $1 300/oz breach 'possible' this year …
The price of gold will likely average $1 170/oz in 2010, with a risk in the short term of a minor correction, to around $1 050/oz, GFMS research director Neil Meader said in Toronto on Wednesday. … While the physical market for gold had practically collapsed in the first quarter – scrap supply exceeded jewellery demand by 260 t – the fundamentals had improved significantly by the end of the year and it was the physical supply-demand support that, combined with investor …
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