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Commodities Briefing - Categorized | Bullion/Gold, ETFs / ETCs more

Asia gold demand to hit quarterly record, absorb ETF outflow-WGC

Posted on 30 May 2013

Asian gold demand from this April to June will reach a quarterly record as bullion consumers in the region take possession of supply freed up by selling from exchange-traded funds (ETFs), the World Gold Council (WGC) said on Wednesday.
Gold prices fell to their lowest in more than two years at $1,321.35 an ounce in mid-April on signs of economic improvement in main markets and fears that central banks around the world could start to curtail their bullion-friendly policy measures………………………………………..Full Article: Source


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