Thu, Nov 27, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold heads for second monthly advance as haven demand increases

Posted on 03 March 2014

Gold headed for the first back-to-back monthly gain since August as concern that the U.S. recovery may be losing momentum and turmoil in emerging markets boosted haven demand. Assets in bullion-backed exchange-traded products were set for the first monthly increase in 14 months.
Bullion for immediate delivery was at $1,332.61 an ounce at 9:26 a.m. in Singapore from $1,331.33 yesterday. Prices are up 7 percent this month and reached a 17-week high of $1,345.46 on Feb. 26. Holdings in ETPs are up 0.3 percent in February after declining last year for the first time since the first product was introduced in 2003, data compiled by Bloomberg show………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38163 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30