Gold and Silver daily review (13 Aug 10)

[ankursinghal]

MARKET ROUNDUP

Precious metals prices edged higher with gold rallied 1.5 percent to its biggest one-day rally in more than two months yesterday, as higherthan- expected U.S. jobless claims prompted a surge of buying in perceived safe-haven assets.

IN FOCUS

- The world's largest gold-backed exchangetraded fund, SPDR Gold Trust, said its holdings rose to 1286.70 tonnes by Aug. 12 up by 0.912 tonnes on Aug. 11.

- The world's largest silver-backed exchange-traded fund, the iShares Silver Trust, said its holdings stood at 9151.03 tonnes as of August 12, unchanged from the previous business day.

- India's gold collections in exchange traded funds (ETF) raised more than 82 percent on year in July as investors plucked bargains in anticipation of higher prices going ahead.

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[sarah_9]

Hi,

Gold and silver goes high high higher.


Regards,
sarah_9


Indian Stock Market

[seiter101]

Yup

And I get the feeling it is going to be going higher and higher in the near future.

I actually write a blog on the subject of gold investing you should check it out

Gold Miners Research- The Gold Miners Investment Resource