Tightening gold supplies could lift prices: Strategist
by Lauren Lyster at CNBC’s Big Data Download
Gold prices may be falling now, but some Asian investors’ tightening hold on physical gold could cramp supplies of the metal and drive prices higher again.
With the surge in equities markets in the United States, some investors here have abandoned gold for stocks.
Meanwhile, investors in India and Southeast Asia have bought up that gold and are sitting on it.
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