Clyde Russell ARABNEWS
Saturday 15 December 2012
LAUNCESTON, Australia: Take seven recent research reports on the outlook for gold from top-ranked investment banks and consultants and you’ll find one thing in common: Virtually no mention of China and India.
This is astonishing when you consider that those two nations account for 40 percent of the physical gold market.
Any oil analyst who ignored demand in the four biggest importers, namely the US, China, Japan and India, when writing about the crude outlook would struggle to be taken seriously.
Yet that’s exactly what gold analysts are doing when assessing the market and trying to determine the direction of prices.
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Categories: Economics