"Even if demand stays the same, prices must go up," said Jason Toussaint, managing director of exchange traded gold. [See Video] "Investors are much more focused on wealth preservation than upside returns because they are much more focused on risk management within portfolios," Toussaint said. "We will see that continue. Demand for gold will also rise as pension funds, sovereign funds and other asset managers seek to preserve their wealth against inflation. Only 3pc to 5pc of assets at large institutions are allocated to gold, he said."
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