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Thursday, January 12, 2012

Returning Asian Gold Demand Helps Boost Prices

http://www.mineweb.com/mineweb/view/mineweb/en/page103855?oid=143065&sn=Detail&pid=102055

BENONI - 
New York closed at $1,642 but Asia took the gold price a little higher to $1,646 ahead of London's opening as the euro weakened to €1: $1.2712. London Fixed the gold price at $1,652.50 and in the euro at €1,296.180. The euro stood at €1: $1.2749 at the time. Ahead of New York's opening the gold price kept feeling upward pressure taking it to $1,655, with the euro at €1: $1.2757 still leaving gold in the euro at €1,297.33.

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