Sun, Nov 28, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Bullion/Gold, Performance, Price Watch more

Gold near 2016 high on haven demand

Posted on 04 August 2016

Gold prices traded near their highest levels this year on Wednesday as investors sought havens on increasing concerns over global growth. Gold hit a high of $1,367 a troy ounce this week, just shy of its year high of $1,374.71 reached on July 11, before falling back to $1,357.40 late on Wednesday. The precious metal is up 28 per cent this year.
The price of gold has been driven by buying of gold exchange traded funds, which are backed by holdings of the metal. The funds’ holdings of the metal are at their highest level since July 2013, according to data compiled by Bloomberg………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
November 2021
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
282930