“Pension Money Invested In Bullion Is ‘Peanuts’ … At The Moment”

“Pension Money Invested In Bullion Is ‘Peanuts’ … At The Moment”

Today’s AM fix was USD 1,663.50, EUR 1,272.37 and GBP 1,035.35 per ounce.
Yesterday’s AM fix was USD 1,653.75, EUR 1,261.06 and GBP 1,028.07 per ounce.

Gold climbed $11.80 or 0.72% in New York yesterday and closed at $1,658.20/oz. Silver surged to a high of $30.534 and finished with a gain of 0.73%.

Cross Currency Table – (Bloomberg)

Gold is hovering near $1,660/oz Wednesday as investors await policy decisions by the Bank of Japan and the European Central Bank -tomorrow, as physical buying picks up in Asia.

Gold tumbled last week after investors were spooked by the U.S. Fed minutes which grew concerns about quantitative easing being toned down.

Yesterday, the premiums on gold shipments to India rose to their highest level in two months as traders rushed to place orders for the metal ahead of a potential rise in import duty.

Read more: http://1goldinvestment.com/pension-money-invested-in-bullion-is-peanuts-at-the-moment/