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Gold and Silver daily review (13 Aug 10)
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Gold and Silver daily review (13 Aug 10)
by ankursinghal » Fri Aug 13, 2010 9:52 pm
MARKET ROUNDUP
Precious metals prices edged higher with gold rallied 1.5 percent to its biggest one-day rally in more than two months yesterday, as higherthan- expected U.S. jobless claims prompted a surge of buying in perceived safe-haven assets.
IN FOCUS
- The world's largest gold-backed exchangetraded fund, SPDR Gold Trust, said its holdings rose to 1286.70 tonnes by Aug. 12 up by 0.912 tonnes on Aug. 11.
- The world's largest silver-backed exchange-traded fund, the iShares Silver Trust, said its holdings stood at 9151.03 tonnes as of August 12, unchanged from the previous business day.
- India's gold collections in exchange traded funds (ETF) raised more than 82 percent on year in July as investors plucked bargains in anticipation of higher prices going ahead.
Precious metals prices edged higher with gold rallied 1.5 percent to its biggest one-day rally in more than two months yesterday, as higherthan- expected U.S. jobless claims prompted a surge of buying in perceived safe-haven assets.
IN FOCUS
- The world's largest gold-backed exchangetraded fund, SPDR Gold Trust, said its holdings rose to 1286.70 tonnes by Aug. 12 up by 0.912 tonnes on Aug. 11.
- The world's largest silver-backed exchange-traded fund, the iShares Silver Trust, said its holdings stood at 9151.03 tonnes as of August 12, unchanged from the previous business day.
- India's gold collections in exchange traded funds (ETF) raised more than 82 percent on year in July as investors plucked bargains in anticipation of higher prices going ahead.
- ankursinghal
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