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Commodities Briefing - Categorized | Bullion/Gold, Research more

Has gold bullion found its limits?

Posted on 13 March 2009

From Itweb.co.za:Gold bullion’s price surge since 31 October 2008 has been increasingly disconnected to ever-increasing reports that demand for the metal from India, the world’s biggest consumer of gold for both investment and jewellery purposes, has fallen out of bed in reaction to surging prices.

At the same time, the dragged-out crisis in credit and related markets has seen gold in heavy demand by exchange traded funds; the world’s biggest, the SPDR Gold Shares ETF currently holds physical gold bullion worth just under $30 billion on behalf of investors….. Full Article: Source


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This post was written by:

VRS - who has written 38144 posts on Opalesque Commodities Briefing.


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