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 Precious Metal Soars amid Bets on Strong Physical Demand in Asia

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fxpulsation




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PostSubject: Precious Metal Soars amid Bets on Strong Physical Demand in Asia   Precious Metal Soars amid Bets on Strong Physical Demand in Asia Icon_minitimeFri Jan 03, 2014 9:13 am

Precious Metal Soars amid Bets on Strong Physical Demand in Asia Instaforex_mb_760x151_en

Precious Metal Soars amid Bets on Strong Physical Demand in Asia

Gold prices traded higher by 1.47% against the USD in the 24 hour period ending 23:00GMT, at 1223.65 per ounce, buoyed by speculations that demand for physical gold would rise in Asia. However, concerns on the pace of Fed’s stimulus measures capped gains in the commodity.

In the Asian session, at GMT0400, Gold is trading at 1229.03, 0.44% higher from yesterday’s close.

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