Salient to Investors:

Gold holdings in ETPs are heading for the biggest decline since December 2011.

Credit Suisse, Goldman Sachs and other analysts expect gold to peak in 2013 as the global economy rebounds.

Feng Liang at GF Futures said the incentive to hold gold is reduced as the global economy shows more signs of growth, though there will still be long-term holders of gold like central banks that will support prices.

Rene Hochreiter at Allan Hochreiter (Pty) said gold’s bull market is over as the US economy picks up. Tom Kendall at Credit Suisse said gold’s appeal will diminish as fear trades fade.

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