Regardless of the current downturn in gold fashion jewelry demand as well as tapering of reserve bank acquiring, the price of gold is not expected to see significant reversals whenever quickly, stated Pavel Grachev, CEO of Polyus, the third biggest gold miner on the planet, based in Russia.
" We still think the variables that generated the gold rally so far remain to linger and we do not anticipate major variants in the gold price going forward, at least not for the following twelve month," Grachev told Kitco Information.
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