The gold price is in the ascendant and rising this morning on $ 1,218 per troy ounce. Calculated in euros, reached yesterday, briefly, with just under EUR 950 per troy ounce, the highest level in four weeks. From its low in late July that gold has gained around 6% and more than 50 EUR. In the wake of the failed mixed economic data, which were last published, the investor appetite for safer investment has revived significantly. The world's largest gold ETF, SPDR Gold Trust, reported yesterday for the second day in a row inflows. The stocks have risen by 0.9 tonnes to just under 1287 tonnes. We see further upside potential for gold.
Friday, August 13, 2010
Friday, March 12, 2010
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