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PRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day12 days ago
SINGAPORE (Dow Jones)--Central banks with large holdings of U.S. Treasurys including China, Japan, Russia, Taiwan, India, Singapore, Brazil and Korea are the most likely candidates to add to their gold reserves over the next few years, Deutsche Bank said in a report dated Friday.
COLOMBO (AFP)--Sri Lanka's central bank said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tons of the precious metal.
Silver may have trouble gaining more ground on gold--other than temporary surges--until industrial demand picks up sufficiently to give silver a stronger boost.
Nearby and most-active gold futures closed higher and briefly hit the much-anticipated $1,100-an-ounce level Friday.
LONDON (Dow Jones)--Spot gold rallied to a record high above the key level of $1,100 per troy ounce Friday, extending this week's dramatic bull run.
LONDON (Dow Jones)--Spot gold edged higher Friday as the dollar weakened, bringing it closer to a break above a key level and a new record high.
-By Elisabeth Behrmann, Dow Jones Newswires; 61-2-8272-4689 elisabeth.behrmann@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=3A8cpEfn7qTVeZoQ4a1Wdg%3D%3D. You can use this link on the day this article is published and the following day.
TOP STORIES:
Central Banks Overweight Treasurys Favorites To Buy Gold -DB
Sri Lanka Central Bank: Buying Gold To Diversify Reserves
STORIES OF INTEREST:
FOCUS: Silver Lags Gold Lately; Eventual Catch-Up Possible
MARKETS:
PRECIOUS METALS: Comex Gold Rises, Briefly Hits $1,100
Spot Gold Hits Record High Above $1,100/Oz On Weaker Dollar
PRECIOUS METALS: Spot Gold Firm Near $1,100/Oz; Eyes Payrolls
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