Gold price could appreciate once growth in Asia recovers – investment firm

August 24, 2016

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Asia’s seemingly imminent economic recovery could spark an increase in gold prices, according to investment management firm Allan Gray portfolio manager Sandy McGregor, who connects the gold price decline, which started in 2012, with Asia’s economic woes and its reputation as the world’s biggest gold consumer.   “When Asia is in trouble, gold is in trouble. Three years ago, inventories in London were probably about 300-million ounces, or roughly three years’ …

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