BusinessWeek – A fraud suit by U.S. regulators against Goldman Sachs Group Inc. is unlikely to send hedge funds scrambling to reduce gold holdings, according to Superfund Financial Singapore Pte.
Any retreat in prices will present investors, especially central banks, with a buying opportunity, Aaron Smith, managing director of Superfund, said in an interview today. Gold for immediate delivery was little changed at $1,136.57 an ounce at 11:57 a.m. in Singapore after slumping by the most in more than two months on April 16.
