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 £1137.99 £36.587
Silver £13.149 £0.4228

Updated 10:44 17/11/19

£ $

Gold trades near one month high

Adam Pike, News Editor
21 Oct 2014, 10:34 a.m.

The gold price held onto recent gains during Asian trading despite concerns the global economy is slowing. Chinese GDP figures disappointed the markets after they announced their economy grew at its slowest rate since the 2008 economic crisis.

The markets will now shift their attention towards Wednesdays U.S. inflation data release and Thursday’s European manufacturing report.

The world’s largest gold backed exchange traded fund, The SPDR Gold Trust, which is often used as a barometer of investor sentiment, confirmed its holdings fell yesterday by 1.18% to 751.97 tonnes on Monday.

Physical buying in India is expected to pick up this week as many Indians will purchase gold as part of their Diwali celebrations.

Gold is currently trading at £774.05 per ounce, silver £10.80 per ounce, platinum £787.53 per ounce and palladium £471.49 per ounce.

View original source at:

comments powered by Disqus