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Commodities Briefing - Categorized | Bullion/Gold, Investment more

Precious metals hold steady, JPMorgan says buy gold

Posted on 22 August 2013

In a recent note, JPMorgan Chase explained that there are some positive seasonality factors coming into play with gold, and that physical gold demand still remains strong.
During the second quarter, demand for gold bars and coins reached a record high of 507.6 tons, up from 285.9 tons a year earlier and well above the five-year average of almost 300 tons, according to the World Gold Council. In the same period, demand for gold jewelry rose 37 percent to 575.5 tons — new multiyear highs………………………………………..Full Article: Source


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