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Gold borrowing costs drop as forward rates turn positive

Posted on 03 September 2013

Gold forward offered rates turned positive for the first time in eight weeks in London, lowering one-month bullion borrowing costs to an almost two-month low.
The one-month gold forward offered rate, which shows the interest rate at which dealers will lend metal for dollars, was at 0.00167 percent today after remaining negative since July 8, data compiled by Bloomberg show. The one-month lease rate fell to 0.1809 percent, the least since July 5………………………………………..Full Article: Source


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