Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/gold-price-in-thailand-to-rise-10pc/
Published: January 03, 2013
Gold price movements could become volatile due to persisting gold demand in China and India. – Reuters pic However, there would not be a sharp rise as compared to 33 per cent in 2010, 10 per cent in 2011 and around 5-8 per cent last year, said Jitti Tangsitpakdi, president of Gold Traders’ Association of Thailand. Investment returns from gold assets over the past five years averaged at 20 per cent, albeit the rise of inflation. Meanwhile, investors are advised to stay cautious of pressing factors, especially from the easing of financial restrictions by major central banks, the US fiscal cliff and the European debt crisis, all of which may impact the investment market throughout this year. Also, gold price movements could become volatile due to persisting gold demand in China and India, which are holding gold as reserves in place of the weakening US dollar. – Bernama
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