CSPreciousMetals18 September 13 |
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Overshadowed by the investment boom in the West, As ia’s gold demand has been enjoying strong growth for years. It was only the massive outflows from gold ETFs in the first half of the year, however, that revealed that China has meanwhile established itself as a key player on the gold market alongside India. Even if Indian gold demand may falter somewhat in the short term, the growing Asian interest in gold will doubtless become an increasingly important driver on the gold market in the medium term and thus lend support to the price recovery we anticipate in the coming year. Silver should then also be able to make significant gains in gold’s slipstream.
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