The Bundesbank, Germany’s powerful central bank, announced very publicly this morning the further repatriation of some of its gold being held in foreign locations – namely in Paris and New York with the Bank of France and the Federal Reserve.
In his submissions to this year’s LBMA precious metals forecasting competition, Ross Norman who heads up London bullion broker Sharps Pixley, and who has been probably the most successful forecaster in the LBMA panel in the past, says he is going out on a limb with his forecast for the gold price average this year at $1321.
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