11.01.2013 - Chinese buying may prop up gold
Gold is likely to range-bound in the domestic market on Tuesday as it could be caught between price rebounding in the global market and a drop in the dollar. In early Asian trade, gold increased to $1,653.05 an ounce after having dropped below $1,650 in overnight trade. Gold for delivery in February, however, was quoted at $1,648.80. The yellow metal gained in Asia on signs of buying by China that is fast turning out to be the biggest buyer in the global market...............................................Full Article: Source
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