Surging investment demand is adding new momentum to an already hot market, and while prices can continue to move higher, momentum could slow as one pillar of the rally weakens, according to one market analyst. In his latest note on gold, Bernard Dahdah, Precious Metals Analyst at Natixis, warned investors of the old market adage: “Higher prices cure higher prices.” Dahdah said that higher prices are taking their toll on jewelry demand, particularly in critical Asian markets. “At prices above $3,200/oz, we are starting to see indications of demand destruction through the gold jewellery sector. The sector is the ... (full story)