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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

The importance of physical gold demand

Posted on 30 October 2012

Gold looks to be holding the $1,700 support level fairly well, despite concerns by some that a sharper fall is needed to see investors jump back into the market. Part of the reason for this is the strength seen recently in physical demand, particularly from Asia but, analysts caution that this demand might not be as consistent as it has been historically.
According to UBS’s Precious metals daily note, while physical demand is looking somewhat rejuvenated of late, it’s not a consistent trend………………………………………..Full Article: Source


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