Continued Physical Demand, Weak Equity Markets Give Gold Momentum

Reuters reported that gold continued its upward momentum on Monday, as equity markets continued to soften and physical demand continues to be brisk.

As quoted in the market report:

The recent fall in gold prices also kept physical demand for the metal high in Asia with sellers struggling to keep pace with orders. Gold prices remain around $150 cheaper compared to levels just before a sell-off in mid-April.

To view the whole Reuters report, click here.