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Blackrock: Perception of Risk Higher than Before

Thursday, 2 Aug 2012 | 2:10 AM ET

"I think the risk to gold is probably to the downside in the short-term the problem with the gold price at the moment is that you have a tug of war going on where easing inflationary pressures mean some of the drivers for the gold price are not there but we all know that we need a monetary response to solve the problems of today," Catherine Raw, portfolio manager at BlackRock, told CNBC.