Fri, Oct 24, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Trends more

Europe crisis spurs shift of gold to Asia: Deutsche Bank

Posted on 17 October 2012

The European debt crisis has prompted nervous wealthy investors to build holdings of gold in Asia and demand that banks allocate them individual bullion bars, a Deutsche Bank executive said. “We’ve seen a huge pick-up in demand for physical (gold) holdings,” Raymond Key, global head of metals trading, told Reuters.
“People are geographically moving out of Europe and into Asia and private wealth is becoming more sophisticated around how to manage credit exposure to banks, wanting to hold allocated physical metal in the right regions,” he said in an interview………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031