17.09.2014 - Gold Steadying On Physical, Safe-Haven Demand
The combination of improved physical demand in Asia combined with safe-haven buying are helping gold continue to steady after last week’s weakness, with the U.S. gold futures modestly higher so far Tuesday for the second day in a row. Around 7:50 a.m. EDT, gold for December delivery was $2.40, or 0.2%, higher at $1,237.50 an ounce on the Comex division of the New York Mercantile Exchange. Spot metal was up $4.60 to $1,236.85 an ounce. December silver was up 9.5 cents, or 0.5%, to $18.715. The London a.m. gold fixing was $1,238.75, up from the Monday afternoon fixing of $1,234.25.............................................Full Article: Source
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