MARKETS SPECTATOR: Avoiding a golden temptation

Credit Suisse suggests those considering buying gold while it's down as a hedge against inflation should think again.

If you think the 18 per cent fall in the price of gold this year represents a good opportunity to buy bullion, think again says Credit Suisse analyst Tom Kendall.

Gold was trading overnight in New York at $US1,391 an ounce. Kendall thinks the price of bullion will fall further based on analysis over a very long time period.

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