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'Buying opportunity' likely if gold slump gets worse: Goldman

Saturday, October 8, 2016 - 05:50

Gold's retreat comes amid investor concern central banks may be approaching the limits of what monetary policy can do to stoke growth.


GOLDMAN Sachs Group Inc says that a strategic buying opportunity may open up in gold should prices drop substantially below US$1,250 an ounce, with bullion offering investors a way to protect themselves against risks to global growth and limits to central banks' effectiveness.

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