Gold Annual Average Seen Lower by CPM for First Time Since 2001 – Bloomberg 03-26-13

Salient to Investors:

Jeffrey Christian at CPM Group said gold on average may average $1,565 an ounce in 2013 as investors shift away from extreme expectations of an imminent collapse of the global financial system and output increases in 2013. CPM said investors expect the global economy to muddle along and sentiment has reduced the urgency to add gold to portfolios.

George Soros cut his stake in the SPDR Gold Trust by 55 percent in Q4 2012.

Read the full article at http://www.bloomberg.com/news/2013-03-26/gold-annual-average-seen-lower-by-cpm-for-first-time-since-2001.html

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