Gold rose to 1% on March 16 when Cyprus announced an unprecedented levy on bank deposits, before erasing the following two weeks.The country's finance minister said it may sell gold reserves to get international aid, helping extend a slump this week after a metal fell in bear market.
Gold price drop hasn't changed billionaire Paulson's intermediate to long- term outlook on the precious metal. Bond buying by governments will increase demand for gold even as the commodity is "going through one of its periodic adjustments".
Gold price drop hasn't changed billionaire Paulson's intermediate to long- term outlook on the precious metal. Bond buying by governments will increase demand for gold even as the commodity is "going through one of its periodic adjustments".
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