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

Two month high for gold price

Posted on 20 August 2013

Gold price today hit a fresh two-month high as weak US data boosted the gold safe-haven appeal and further inflows into the world’s biggest gold-backed exchange traded fund (ETF) provided additional support. Last week SPDR Gold Trust recorded its first weekly increase in holdings since November 2012. In other precious metals, silver lost some ground but remained stable above $23 an ounce.
Among industrial metals, copper slipped weighed down by uncertainty over the timing of potential Fed tapering of monetary stimulus. The fall in the copper price was mirrored by declines in all other base metals………………………………………..Full Article: Source


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