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gold-investing

Gold Inches up on Tuesday on Chinese Buying

Investing News Network
May. 21, 2013 04:48AM PST
Precious Metals Investing

Reuters reported that gold climbed modestly on Tuesday, but is still suffering from a shift in investor sentiment towards equities.

Reuters reported that gold climbed modestly on Tuesday, but is still suffering from a shift in investor sentiment towards equities.

As quoted in the market report:

We are seeing some strong buying out of China,” said Victor Thianpiriya, commodities analyst at Australia and New Zealand Banking Group. “Physical demand picked up a little bit yesterday and today.

To view the whole Reuters report, click here.

new-zealand china australia gold-investing
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