Gold To Weaken But At Slower Pace Says CPM

CPM Group’s Mu Li speaks to Kitco News about the research firm’s long-term outlook for gold prices. According to Li, CPM notices a higher level of price sensitivity among investors in the gold market. “That, coupled with rising supplies from a few gold mines that are expected to ramp up in the next few years, is going to exert a downward pressure on gold prices,” she adds. Although Li expects prices to weaken until 2015, gold will remain “relatively elevated by historical standards” she says over the next 10 years. “After the sharp decline in 2013, we think that price declines should be at a slower pace,” Li adds. “Prices are expected to average around $1,300 in the next couple of years.” Watch now to hear more about CPM Group’s research on the precious metals markets. Kitco News, November 5, 2013. (show less)

CPM Group’s Mu Li speaks to Kitco News about the research firm’s long-term outlook for gold prices. According to Li, CPM notices a higher level of price sensitivity among investors in the gold market. “That, coupled with rising supplies from a few gold mines that are expected to ramp up in the next few years, is going to exert a downward pressure on gold prices,” she adds. Although Li expects prices to weaken until 2015, gold will remain “relatively elevated by ... (read more)

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