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Commodities Briefing - Categorized | Bullion/Gold, Trends more

Is sentiment toward gold shifting again?

Posted on 14 August 2013

Gold has staged a big comeback in the recent weeks, rebounding over 13 percent since hitting a near three-year low late June, raising the question of whether investor sentiment toward the embattled precious metal is about to shift yet again.
The metal, which traded close to a three-week high of $1,336 on Tuesday, has been supported by short covering and robust physical buying especially from China. Latest data from the China Gold Association (CGA) on Monday showed that the country’s gold consumption rose 54 percent in the first half of the year, compared with the year-ago period………………………………………..Full Article: Source


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