Gold price set to remain strong says MLIM fund manager

Dr Graham Birch, manager of the Merrill Lynch Investment Managers Gold & General fund says he remains confident the price of gold will remain high over the next 18 months because of factors such as threats of war and general economic insecurity driving investors towards the metal. Gold prices could be expected to level off due to the low-inflation environment and the strong performance by gold stocks during the past year, Birch says, but these other insecurities are overbearing factors at present. / Demand in Japan is an issue because it has been driven more by retail demand ra...