Gold Bulls Weakest in Month as Investors Buy Dollar

by Nicholas Larkin, Bloomberg:

Record-low interest rates from Europe to the U.S. may sustain demand for bullion, which generally earns investors returns only through price gains. The Federal Reserve has pledged rates at “exceptionally low levels” at least through late 2014 and the Bank of England kept its benchmark rate at 0.5 percent yesterday, where it has been since March 2009.

Europe’s financial turmoil is reigniting on the second anniversary of policy makers’ first attempt to curb Greece’s debt crisis.

Demand for physical gold in India, last year’s biggest buyer, was almost double the daily average when gold traded close to $1,580.

Read More @ Bloomberg


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