GOLD: Gold Prices Steady as Central Bank Buying Continues
Mar-10 04:04By: Jamie Grant
Gold
- Gold consolidated today with prices oscilating around where they started the trading day.
- Opening at $2,912.42 gold did very little all day reaching a high of $2,917.33 before giving back those gains to $2,912.56.
- The World’s largest gold-backed ETF, the SPDR Gold Trust, saw it holdings rise to a multi-month high and is reflective of the general level of demand currently for gold.
- Jordan’s Central Bank has announced an increase in gold reserves by more than 10% year on year.
- Data out from China shows the PBOC added to its gold reserves in February, marking four straight months of a rise in their gold reserves.
