09.04.2015 - Gold Price 'Favors Break to $1300'
Gold Prices bounced from a retreat near last week's closing level lunchtime Wednesday in London, rallying as US stock markets opened the day higher but European equities retreated from a new record high. With the Dollar rising ahead of today's release of minutes from the US Federal Reserve's March policy meeting, wholesale gold recovered $5 per ounce from $1205. The Shanghai Gold Exchange's international contract earlier closed its busiest session yet at a $1.70 per ounce discount to London quotes, having traded 3 times as much value as the bourse's formerly dominant domestic Au(T+D) contract. SGE international contracts allow domestic and foreign institutions to trade Yuan held in offshore accounts for metal stored in the city's free-trade zone...............................................Full Article: Source
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