Tuesday 11 December 2012

Gold premiums in Hong Kong rose

Posted by Ways2Capital on Tuesday, December 11, 2012 with No comments
On Tuesday At 14.02 Hrs Gold buying slows; prices rebound from 1-month low

Gold premiums in Hong Kong rose to their highest in about five months on Tuesday as Chinese banks stocked up on bullion to avoid a supply crunch when refineries close shop for the year-end holidays.

Gold bar premiums in Hong Kong rose to as high as $1.50 an ounce above London prices, compared to 50 cents to $1 over the past few weeks.

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