Wednesday, April 28, 2010
CPM Group Unveils Gold Yearbook For 2010
According to a Reuters summary, the CPM Group expects investment and jewelry demand to increase this year, although not enough to erase 2009's declines in both. Central banks, net buyers in 2009 for the first year since 1964, are expected to remain net buyers in 2010. Investment demand, despite that forecasted partial rebound, is expected to remain muted overall. The CPM Group seems to expect a modest decline in the gold price for this year, although they are firm about gold not dropping below $1,000.