Gold market update for Friday, April 26. Gold is headed for its biggest weakly gain in over a year and a half on a surge in physical demand, mostly from Asia. Just this Thursday, gold posted its biggest daily gain since last June. Gold has gained nearly 1/2 of the ground back that it lost in the rout that occurred earlier this month. One of the world’s biggest gold buyers, Turkey, announced it’s imported the most gold since last July. Russia has also increased its physical gold reserves. In other market news, the dollar recovered some ground against the Euro on some positive news in the labor market. Read more…
PRECIOUS-Gold heads for biggest weekly gain since late 2011
April 26, 2013 by