Monday, November 12, 2012

China: Continues to buy gold

Gold-Bars

Today’s AM fix was USD 1,735.75, EUR 1,365.44, and GBP 1,091.39 per ounce.


“Emerging-market economies from the G-20 countries are looking to elevate their gold holdings,” Ashish Bhatia, manager of government affairs at the producer-funded World Gold Council, said in an interview in Hong Kong yesterday. There’s “renewed interest from central banks on the demand side.”

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