(Bloomberg) -- Gold fell in London for a second
consecutive day on speculation that central banks are increasing
sales of the metal. Silver declined.
Bullion has gained for the past two weeks, partly because
central banks had slowed sales, New York-based Morgan Stanley
analysts led by Hussein Allidina said in a report yesterday.
European central banks have sold 305 tons out of the 500 tons
allowed under an agreement that covers the period through Sept.
26, London-based World Gold Council investment research manager
Natalie Dempster said.
Read more at Bloomberg Commodities News
consecutive day on speculation that central banks are increasing
sales of the metal. Silver declined.
Bullion has gained for the past two weeks, partly because
central banks had slowed sales, New York-based Morgan Stanley
analysts led by Hussein Allidina said in a report yesterday.
European central banks have sold 305 tons out of the 500 tons
allowed under an agreement that covers the period through Sept.
26, London-based World Gold Council investment research manager
Natalie Dempster said.
Read more at Bloomberg Commodities News
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