Gold surging on big investments and speculative buying
Traders bullish even as price hit US$1,612 an ounce recently and risk of US-Iran war eases; high prices have also curbed demand from jewellers
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London
LARGE-SCALE investment and speculative demand have caused the price of gold to surge in the past few months.
The big question is whether this is a bullish or bearish signal for gold as current high prices have curbed gold jewellery and other physical consumption according to on the ground reports.
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