Today gold held gains from the previous as investors bet the U.S. Federal Reserve would keep its stimulus measures for longer and as holdings in the biggest gold backed exchange-traded fund rose for the first time in two weeks. Gold buying in India tapered off further after the festival week, even as domestic users started getting small import lots, weighing on premiums.
SPDR Gold Trust, the largest gold ETF, said its holdings rose 2.10 tonnes to 868.42 tonnes on Wednesday – the first increase since Oct. 22.
Silver for immediate delivery was little changed at $21.803 an ounce after rising 0.5 percent yesterday.
SPDR Gold Trust, the largest gold ETF, said its holdings rose 2.10 tonnes to 868.42 tonnes on Wednesday – the first increase since Oct. 22.
Silver for immediate delivery was little changed at $21.803 an ounce after rising 0.5 percent yesterday.
Crude surged the most in five weeks as U.S. gasoline demand rose to the highest level since July, trimming fuel inventories.
Nickel settled below its 30-day moving average, at $14,177.33 today, for the first time since Oct. 10. Copper for delivery in three months lost 0.6 percent to $7,115 a ton in London. Aluminum and lead advanced, while tin and zinc fell.
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