“We may be through the worst, but we’re not yet out of the woods,” Takai said in a Bloomberg Television interview today. “I don’t recommend people holding gold positions at the moment to sell. Keep it just in case something happens.”
Still, gold may rebound this week on concern that consumer prices may increase, spurring demand for the precious metal as a hedge against inflation.
Gold Survey
Twelve of 17 traders, investors and analysts, or 71 percent, surveyed by Bloomberg News said gold would climb. Four people, or 24 percent, forecast lower prices and one was neutral.
Prices of goods imported into the U.S. probably rose 0.9 percent in March, the first increase since July, according to the median estimate of 18 economists surveyed by Bloomberg News. The Labor Department report is set for release April 9.
