Gold to Weaken But at Slower Pace Says CPM

Summary: Mu Li, an analyst with CPM Group, discusses the firm’s long-term gold outlook with Kitco News. The firm believes traders are especially price sensitive right now. Also, the firm believes new supplies coming online will exert additional downward pressure on prices. However, following 2013’s sharp drops, Li expects the declines to moderate and occur at a slower pace. Li expects the metal to average $1300 over the next couple of years. Watch the video here…