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Gold prices expected to reach US$1,400 in 2014

The Singapore Jewellers Association says it expects demand for gold to pick up this year and gold prices may reach US$1,400 per ounce this year, up from some US$1,200 last year.

SINGAPORE: The Singapore Jewellers Association says it expects demand for gold to pick up this year.

The association says gold prices may reach US$1,400 per ounce this year, up from some US$1,200 last year.

Businesses say they have seen strong buying since December last year, largely due to Christmas and they are expecting 20 per cent more sales for Lunar New Year this year, as compared to the past year.

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