Bank of Taiwan's Yang: Gold Price Below $4,500/oz a Relative Low for Long-Term Investment
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Amid high volatility in international gold prices, Yang Tien-li, Manager of Bank of Taiwan's Precious Metals Department, said today that while foreign institutions have divergent forecasts, the bank believes that if the gold price falls below $4,500 per ounce, it represents a relatively low level for the long term. He advised investors to adopt a dollar-cost averaging approach.