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Outlook for gold appears mixed in fourth quarter
November 22, 2009
The gold price has reached successive highs on the back of inflation fears and a weak US dollar. Although demand is down year-on-year, the figures have been skewed by the financial crisis and the World Gold Council is confident that investors will drive future demand.
Soaring gold prices continue to weigh on jewellery sales globally, although this could be mitigated by investment sentiment from China, a report by the World Gold Council finds.
It all makes for a mixed fourth quarter in terms of gold...
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