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

Lower gold price spurs rush to buy bullion

Posted on 30 September 2013

Falling gold prices in recent months have encouraged bargain hunters across Asia to buy more of the precious metal. Gold has traditionally been bought in India and China as insurance against currency fluctuations and inflation.
Perth Mint, which produces 10 per cent of the world’s gold bullion, has been keeping a close watch on gold price movements. The miner’s analysis and strategy manager Bron Suchecki told Radio Australia that it was overwhelmed with interest from Asian buyers when gold had a massive correction early this year………………………………………..Full Article: Source


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