(Bloomberg) -- Gold gained in London on increased demand from jewelers, the biggest buyers of the metal.
Prices dropped 2.3 percent in the past two days, with the declines accelerating during New York trading hours as gains in the dollar against the euro spurred selling by commodity funds. Jewelers made up 69 percent of gold consumption in the first quarter, up from 61 percent a year earlier, figures this week from the producer-funded World Gold Council show.
Read more at Bloomberg Commodities News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment