Rising physical demand for gold (GLD -0.8%) is "price responsive, and not price setting," says...

|By:, SA News Editor

Rising physical demand for gold (GLD -0.8%) is "price responsive, and not price setting," says Goldman, remaining bearish on the yellow metal. Improving economic activity, less accommodative monetary policy, and higher real rates are the driving factors and they all say gold is headed lower, perhaps nearing triple digits by the end of next year.