Gold market update for Wednesday, April 17th. Following the worst 2-day slide in over 30 years, gold is rising as the new lows have attracted physical buyers – mostly in Asia, but India too as the jewelry buying season is just starting. However, gold ETFs continue to see outflows as sentiment is still beleaguered following the stunning losses of Friday and Monday. The gold market fell by $225 in just those two days. Gold is now down 18% on the year following 12-years of gains. Read more…
PRECIOUS-Gold rises; physical buyers emerge from lows
April 17, 2013 by