31
March
Gold Extends Sixth Quarterly Advance as Physical Buyers Support
31 March 2010 Bloomberg.com
Gold advanced, extending its sixth quarterly increase, as the global economic recovery boosted physical demand for the precious metal.
Bullion for immediate delivery rose as much as 0.5 percent to $1,109.25 an ounce, and traded at $1,108.85 at 3:17 p.m. in Singapore, up 1.1 percent this year. Holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by bullion, have increased 2.1 percent this month and stood at 1,129.82 metric tons yesterday, according to figures on the company’s Web site.
http://www.bloomberg.com/apps/news?pid=20601012&sid=aliZRMjSpVm4
