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Topic - Michael Weithman
Gold's rise seemed unstoppable at one point, but millions of fanatics got a jolt last month when the market posted its biggest collapse in 30 years, including a 9 percent one-day drop to less than $1,400 on April 15.
While citizens and central banks in India and China may continue to buy gold, bolstered by quickly rising incomes and growth, the rest of the world has been turned off by the hyperbolic surge in prices and has cooled its enthusiasm for the metal, he said.
"India and China cannot be overlooked," he said. "The strong demand in Asia should continue,"