Gold To Weaken But At Slower Pace Says CPM — November 5, 2013

[youtube 8ecsCAJXn8I]

CPM Group’s Mu Li speaks to Kitco News about the research firm’s long-term outlook for gold prices. According Li, CPM notices a higher level of price sensitivity among investors in the gold market. “That, coupled with rising supplies from a few gold mines that are expected to ramp up in the next few years, is going to exert a downward pressure on gold prices,” she adds. Although Li expect prices to weaken until 2015, gold will remain “relatively elevated by historical standards” she says over the next 10 years. “After the sharp decline in 2013, we think that price declines should be at a slower pace,” Li adds. “Prices are expected to average around $1,300 in the next couple of years.” Watch now to hear more about CPM Group’s research on the precious metals markets. Kitco News, November 5, 2013.

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com — Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews

As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.