13
May
Gold May Advance on Increased Physical Purchases, Survey Shows
13 May 2011 Bloomberg.com
Gold may gain as investors and consumers boost physical purchases of the metal, a survey found.
Eleven of 16 traders, investors and analysts surveyed by Bloomberg, or 69 percent, said bullion will rise next week. Three predicted lower prices and two were neutral. Gold for June delivery was up 0.3 percent for this week at $1,496.10 an ounce by 11:35 a.m. yesterday on the Comex in New York. It reached a record $1,577.40 on May 2.
