Gold Lost Some Glitter in 2013, but Its Future (As Always) Looks Bright
Flat inflation, a slowly improving economy and reduced Indian demand have produced weak gold prices. But the Chinese are buying.
Sarfraz Thind
December 31, 2013
Blocks of unrefined gold bars and gold nuggets wait to be processed at the precious metals refinery plant of Italpreziosi SpA in Arezzo, Italy, on Friday, July 19, 2013. Hedge funds raised bets on a gold rally before prices capped the biggest two-week gain in 20 months as Federal Reserve Chairman Ben S. Bernanke damped speculation that a cut in stimulus is imminent. Photographer: Alessia Pierdomenico/Bloomberg
Alessia Pierdomenico/Bloomberg
