Gold rises more than 1% to near two-week high

26 Apr

Cash and US gold futures rose more than 1 percent to the highest since April 15 above USD 1,484 an ounce on Friday, extending Thursday’s gains after a recent plunge in prices triggered bargain hunting and a surge in physical buying.

Premiums for gold bars soared to multi-year highs in Asia after a spate of physical buying ran down supplies, with dealers in top consumer India expecting a surge in imports this month.

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Source: Moneycontrol

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One Response to “Gold rises more than 1% to near two-week high”

Trackbacks/Pingbacks

  1. Gold heads for biggest weekly gain since late 2011 | Trading Tips Expert - April 26, 2013

    […] US gold futures for June delivery stood at USD 1,471.00 an ounce, up USD […]

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