Based on analysts' forecasts many investors were expecting 2012 to be another strong year for gold. But looking at the market recently may cause some investors to wonder if the professionals got it right.
In reviewing the results of a recent survey, Global Head of Metals Analytics, Philip Klapwijk indicates, We are seeing central banks now operating very much on the buy side of the market. The selling we had seen from Europe has dried up and that’s left those buyers of choice really the only active players in the market."
Get our independent commentary on gold trends and companies delivered to your inbox.
