Salient to Investors:

Gold at the lowest price in 2 years on April 16, is triggering a frenzy among coin and jewelry buyers from the US to India, China and Australia.

Mark Pervan at Australia & NZ Banking said gold may rise to $1,550 within 6 months on physical and investment demand.

The Akshaya Tritiya festival on May 13 is the traditional day for Hindus to buy precious metals.

Morgan Stanley says the peak in the gold price has passed. Goldman Sachs has exited a bet on lower prices and says bullion may fall even more. The declines in prices are attracting retail investors. John Paulson says gold will rise as a hedge against inflation.

UBS said physical-gold flows to India approached the highest since 2008. Standard Chartered said shipments last week were 20 percent above a previous record.

Read the full article at http://www.bloomberg.com/news/2013-04-26/gold-buyers-throng-indian-stores-for-second-week-on-rally-1-.html

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