Switzerland’s
biggest bank, started storing gold for wealth-management clients at a facility
in Singapore, citing interest from investors in the region even after the metal
slumped into a bear market.
The U.K.'s economic
recovery gained momentum in the second quarter as exports grew and business
confidence improved again, a quarterly survey showed Tuesday.
Gold extended a rebound from a 34-month low, gaining for a third day, on speculation that lower prices will raise demand even as holdings in the largest bullion-backed exchange-traded product resumed a decline.
Gold has further to drop in the rout that erased $66 billion from the value of investor holdings and took prices below the level some mines need to break even.
Gold extended a rebound from a 34-month low, gaining for a third day, on speculation that lower prices will raise demand even as holdings in the largest bullion-backed exchange-traded product resumed a decline.
Gold has further to drop in the rout that erased $66 billion from the value of investor holdings and took prices below the level some mines need to break even.
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