Projected INVESTMENT in gold and will return up to 24 percent per annum during the next three years the price of precious metals is expected to reach U.S. $ 2.100 seauns by 2014.
Head of Investment Strategy Standard Chartered Bank (StanChart), Steve Brice, said demand for gold would continue to grow, especially from China and India due to rising disposable incomes in both countries.
He said the global economic situation uncertain because of the debt problem in the United States (U.S.) and European central banks continued to promote the worldwide increase their gold reserves. "We are confident with the performance of gold prices is expected to increase further due to demand as investors see commodities as an investment hedge, "he said at a media briefing on the expected investment second half in Kuala Lumpur yesterday. Brice said he expects the gold price could reach U.S. $ 1.650 seauns by the end of this year. The interest rate environment is negative in the U.S. also lead to increased demand for gold because normally it is very high
