The Gold Report: Alka, gold is off to a weak start in 2013 and has dipped below $1,600/ounce ($1,600/oz). Should investors lower their expectations for the gold price this year?
Alka Singh: Just because gold has a weak start doesn’t mean that it’s going to have a weak finish. I’m bullish on precious metals—period. I believe that gold will close higher by the end of this year. There is short-term technical weakness in the gold market and some headline risk as some funds have been reportedly reducing their gold exposure. The U.S. also announced that the future of the quantitative easing is unclear. … [visit site to read more]
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