Wednesday, April 24, 2013

Demand for gold coins and bars remains strong

As noted by Debbie Carlson at Kitco News:
Demand for small-sized gold coins and investment grade bars continues unabated a week after prices plunged over $200 an ounce, with rising premiums over spot prices for prompt delivery reflecting the demand... 
“There’s been very, very aggressive interest in the physical market for gold for prompt delivery,” said Afshin Nabavi, head of trading at trading house MKS (Switzerland) SA in Geneva. 
There are many news reports of demand for gold out of Asia, but there is also very strong demand from the Middle East, Nabavi said, particularly out of Dubai, Saudi Arabia and from Turkey...

No comments:

Post a Comment