28.03.2013 - Gold headed for worst quarterly run since 2001 amid weak demand
Gold headed for a second quarterly loss as holdings in exchange-traded products fell by the most on record and the dollar climbed on prospects for a U.S. recovery, eroding the metalís allure as an alternative investment. Bullion for immediate delivery traded little changed at $1,605.97 an ounce at 10:48 a.m. in Seoul from $1,605.25 yesterday. Prices have fallen 4.1 percent this quarter in the first back-to-back quarterly losses since 2001. The metal touched $1,555.55 on Feb. 21, the cheapest since July 2012...............................................Full Article: Source
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