HIGH DEMAND: We cannot guarantee our usual delivery service. Orders will be dispatched within 1-3 working days.

Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Next Day Delivery

Ounce Gram
Gold £1271.88 £40.892
Silver £14.124 £0.4541

Updated 15:46 25/02/20

£ $

Gold near two week low


Duncan Richardson, News Editor
22 Apr 2014, 10:38 a.m.

Gold dropped to its lowest level in two weeks as traders consider increased physical demand in China against positive economic data from the U.S.

According to Sun Yonggang, market analyst at Everbright Futures, “Gold remains under pressure as long as economic data out of the U.S. is positive. We see some support from the little pickup in physical activity when prices fall below $1,300.”

Funds under management at the world’s largest gold ETF, the SPDR Trust, decreased to 792.14 metric tonnes, its lowest level for 12 weeks.

Gold for June delivery traded at $1,289.10 per ounce in New York yesterday, silver slipped by 0.4% to $19.36 per ounce, platinum rose to $1,409 per ounce and palladium increased 0.2% to $781 per ounce.

View original source at: www.bloomberg.com

comments powered by Disqus