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

Gold is on the run: Changes hands 50pct more in June

Posted on 02 August 2013

Gold seems to be on the run, practically. As per a latest data revealed by London Bullion Market Association showed that the amount of gold transferred between accounts held by bullion clearers has jumped to a 12-year high for a second month.
At an average of 29 million ounces a day, gold transfers between accounts held by bullion clearers jumped to a 12-year high in June for a second month Reuters quoted data from the industry group London Bullion Market Association. In the same month previous year, the gold transfer was 19.1 million ounces. This shows nearly 50 per cent jump on year-on-year basis…………………………………..Full Article: Source


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