A study by the World Gold Council (WGC) is designed to predict the state of the gold market 3-5 years hence, the objective being to “increase the value” of the commodity.
The study, which will outline possible market trends, is being led by Haruko Fukuda and Bobby Godsell, chief executive officer and chairman, respectively, of the WGC.
Says Fukuda: “We will be interviewing miners, jewelry manufacturers, bullion banks, traders and, we hope, representatives of some of the central banks, who are major holders of gold.”
The WGC says the study is its way of responding to changes caused by consolidation by producers and by new attitudes among central and commercial banks.
Assisting in the study will be Bain & Co., a Boston-based consulting firm.
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