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Commodities Briefing - Categorized | Bullion/Gold, Market Pulse, Price Watch more

Physical gold rush follows April price declines

Posted on 02 May 2013

Gold’s sharp decline, which saw the metal fall to $1,321 on April 16, led to a global surge in physical demand. But some market participants question whether this appetite and the upward price moves are sustainable.
Surging demand drove the US Mint to suspend sales of 1/10-ounce gold coins, Reuters reported. By April 30, the Mint had reported sales of 312,500 gold coins. Equaling 209,500 ounces, April’s gold coins sales are more than a quarter of the 753,000 ounces sold in 2012, according to Bloomberg………………………………………..Full Article: Source


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