KUALA LUMPUR, Jan 11 (Bernama) -- Standard Chartered Bank has retained a
positive stance on the global commodity market this year, especially
for gold, oil and metal.
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=920984
Published: January 12, 2013
Group Wealth Management, Senior Investment Strategist, Manpreet Gill
said gold prices are expected to rise at a gradual pace this year.
"The introduction of many easing measures by global central banks has increased the purchases of gold further.
"We expect the demand for gold to be supportive in the first quarter of
this year, although the global recovery is expected to happen only in
the second half," he told a media briefing on market outlook.
The bank projected the precious commodity's price to touch US$1,900 per
ounce this year, with some softness in the market in the short-term
while long-term drivers remained intact.
-- BERNAMA
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