Kumaresan Selvaraj pillai


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Wednesday, January 9, 2013

Commodity Blog

Commodity Blog


Demand for Gold Still High

Posted: 08 Jan 2013 01:44 PM PST

Gold rallied today on sings of increasing demand from China. Other precious metals also advanced. Consumption in other countries shows signs of an increase too as Japan’s pension funds more than doubled their gold reserves and purchases of US coins grew. Still, the metal remains under pressure after last week’s minutes of the Federal Reserve policy meeting. The Fed suggested that its stimulating program may end this [...]

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