Wednesday, November 14, 2012

Gold prices eased amid pressure from a stronger dollar.



On other topics relevant to the gold market, just over half of the participants expect the U.S. Federal Reserve to launch another round of quantitative easing, and 56 percent of them see China's economy growing between 7 and 8 percent in 2013.
China is expected to overtake India as the world's top gold consumer, as demand in that country has been resilient, although the pace has slowed from the past couple of years.
Thirty-six percent of conference participants expect Shanghai to become Asia's precious metals trading hub in the next year, topping Hong Kong and Singapore, which are vying for the position.