Thursday, February 26, 2015

Gold Rose to Highest in a Week on China Demand, Rates Outlook



Gold climbed to the highest in a week after Chinese buyers returned from holidays and investors speculated that the Federal Reserve will keep interest rates low. Platinum rose the most this month.
Gold for April delivery rose as much as 1.5 percent to $1,219.90 an ounce, the highest since Feb. 15 and traded at $1,216.60 by 8:12 a.m. on the Comex in New York. It™s down 4.9 percent this month, while still 2.7 percent higher this year. Bullion for immediate delivery rose 1 percent to $1,217.40 in London, according to Bloomberg generic pricing.
Source : Bloomberg

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