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Gold going back to basics

Few would question that the current gold price environment has been dominated by the sentiment-driven paper market rather than basic fundamentals of supply, principally, as well as physical demand. This may be shaping to change, at least to some degree.

“You’ve got the whole debate over whether [gold] is a commodity or a currency,” William Tankard, precious metals mining director with the GFMS team from Thomson Reuters, told Mining Journal.