Wed, Sep 3, 2014
A A A
Welcome kbr175@gmail.com
RSS

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


 Article link

This post was written by:

VRS - who has written 36748 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930