Gold increased on Saturday as weak point in US shares, strong finance buying and Oriental physical demand raised gold bullion to its 4th successive every week gain.
The market was amazed by news of Deustche Bank receiving from gold and silver standard establishing, or solving, as In german authorities examine alleged adjustment of gold and silver costs by financial institutions.
Deutsche, one of five financial institutions involved in the twice-daily gold fix for international price establishing, said Saturday it was losing out of the process after receiving from the large of its products business.
Gold’s recent rise has been reinforced by a fall in shares early in 2014 following a record run-up in shares last year.
However, experts said that a increasing interest-rate environment and a better economic perspective could pressure gold.
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