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Gold gains 2.3% to $1660 as investor interest stabilizes

October 4 2011, 09:42

FMX|Connect- WWW.FMXConnect.com (Reported on 10/4/2011)

Barclays: Gold gains 2.3% to $1660 as investor interest stabilizes

Source: CommodityOnline.com

Prices kicked off the month on a mixed note, with the PGMs declining while Gold and Silver edged higher. Gold posted its third day of gains, up 2.3%, settling at $1660.1/oz as uncertainty heightened over Europe but, despite the dollar strengthening to its highest level since January against the euro, equity markets lost further ground.

Although US macro data were better than expected, investor interest showed early signs of stabilising. Gold ETP holdings were up a modest 0.4 tonnes, after the latest data showed inflows of 2.3 tonnes on Friday. To read the full article,Click Here.

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