| The average price of gold in December fell 1.6% to $1,068.25/troy oz, from a November average of $1,085.70/oz, the London Bullion Market Association said Friday. The volume of ounces transferred increased by 36.8 % to 23.6 million, its highest level since June 2013, with the corresponding value of gold transferred up nearly 35% to $25.2 billion.
This could signal buying interest at the lower price levels. "The number of transfers was broadly flat at 2,702 while the number of ounces per transfer increased significantly to 8,732, to its highest ratio since January 2012," the LBMA said...............................................Full Article: Source
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