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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold prices advance on strong Asian physical demand

Posted on 12 October 2011

The largest Gold ETP, SPDR, slipped lower on Monday by 1.52 tonnes but overall metal held remains stable. But, more importantly, physically demand for gold from Asia remains very strong from India and from China following the week-long holiday. Gold bar premiums in Hong Kong have risen to $3/oz, their highest since February and are at 50 cents/oz in Tokyo.
Although prices have surrendered some of Monday’s gains in early trade this morning, they continue to trend higher………………………………………Full Article: Source


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