Precious Metal
19/5/2014 10:00 am
Gold held below $1,300 an ounce as investors assessed the health of the U.S. economy and the impact on monetary stimulus against tension in Ukraine.
Bullion for immediate delivery traded at $1,294.06 an ounce at 9:42 a.m. in Singapore from $1,293.52 on May 16, according to Bloomberg generic pricing. Last week, the metal completed the first weekly gain in three as separatists fought government forces in Ukraine.
Silver for immediate delivery fell 0.3 percent to $19.323 an ounce. Platinum was at $1,463.25 an ounce from $1,464.94, after climbing to $1,486 on May 14, the highest price since March 7. Palladium traded at $815.35 an ounce from $815.44, after reaching $829.25 on May 14, the highest level since August 2011.
Gold shipments to Southeast Asia’s biggest consumer are forecast to contract by as much as half this year, a sign the unprecedented Asian demand that helped stem last year’s rout in prices is weakening.
19/5/2014 10:00 am
Gold held below $1,300 an ounce as investors assessed the health of the U.S. economy and the impact on monetary stimulus against tension in Ukraine.
Bullion for immediate delivery traded at $1,294.06 an ounce at 9:42 a.m. in Singapore from $1,293.52 on May 16, according to Bloomberg generic pricing. Last week, the metal completed the first weekly gain in three as separatists fought government forces in Ukraine.
Silver for immediate delivery fell 0.3 percent to $19.323 an ounce. Platinum was at $1,463.25 an ounce from $1,464.94, after climbing to $1,486 on May 14, the highest price since March 7. Palladium traded at $815.35 an ounce from $815.44, after reaching $829.25 on May 14, the highest level since August 2011.
Gold shipments to Southeast Asia’s biggest consumer are forecast to contract by as much as half this year, a sign the unprecedented Asian demand that helped stem last year’s rout in prices is weakening.
