Saturday 1 March 2014

Gold costs gain

Gold was little modified on Saturday but was on track for its greatest per month obtain since This summer after traders and traders pursued costs higher on issues about the speed of the US economic system and anxiety in Ukraine.

Recent benefits, though, may be hard to maintain in the lack of strong actual purchasing. And objectives of the US Government Source ongoing to reduce its stimulation program could hole gold’s attraction as a protect against rising prices.

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Cash gold was nearly flat at $1,330.86 an ounces by 0714 GMT, down from a four-month high of $1,345.35 hit on Wed. Silver has obtained 7 % in Feb, its greatest per month increase since the 7.2 % added in This summer.

The actual market in Hong Kong is still very slowly and I cannot see any fresh purchasing interest,” said Chris Fung, head of working at Hong Kong’s Side Fung Valuable Materials.

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