NESDB: Gold price drop temporary
- Published: 21 May 2013 at 13.26
- Online news:
The decline in the global gold price will be only temporary and comes on the back of speculation that Italy and other countries in Europe could sell gold reserves for debt repayment, the secretary general of the Office of the National Economic and Social Development Board (NESDB), Arkom Tempitayapaisit, said on Tuesday.
Reuters file photo
Mr Arkom said he disagreed with an analyst at a foreign bank who forecast that the gold price is now on a five-year downward trend and will fall below US$1,000 per ounce.
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