Gold: A Long-Term Bull Market In Sight
According to Mineweb.com, gold bugs will be relieved by the finding that the long-term uptrend in gold prices remains intact; the caveat is that investors should wait before buying.
A number of experts offer further factors in describing the possible forward profile of gold bullion prices. Stephen D. Walker, a director of global mining research at RBC Capital Markets, argues that crude oil prices remain ďan important catalyst for gold, likely reflecting geopolitical risk rather than an inflation concern. We believe oil will remain a key driver although any weakness in gold price would be offset by strong physical demand from India, the Middle East and Asia."