Demand for gold in Asia
is surging despite prices hovering near the record highs it hit
in May, industry officials say, as buyers snap up the metal to
hedge against geopolitical and economic. -June 11, 2024 at 07:30 pm EDT
- MarketScreener
Gold Rush Grips Asia Despite Near-Record Prices usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Softer gold demand in China saw London prices slip further Monday after Shanghai trading volumes fell and Comex speculators kept their betting almost unchanged ahead of this week s Federal Reserve rate decision
Gold prices set another fresh all-time high Monday afternoon in London trading after speculators in Comex futures and options doubled their bullish position but ETF investors sold out yet again
The gold price rose further above $2000 on Monday, extending last week s short covering rebound in Comex futures and options trading while silver slipped as China s markets reopened after Lunar New Year