Next Gold Buying Will Be From Central Banks, Govts: Phillip Futures
  • Saba Ashraf
  • Jun 14 2013

Phillip Futures Strategist Simon Teo believes restrictions on gold imports will affect gold prices, but the duty hike will only translate into a 15% hit on gold demand this year. He also said that when gold hits 1,100-1,200 per ounce level, central banks will be seen accumulating gold.