Fruitnotes Blogs | The premium to take immediate delivery of emas in China, the world’s biggest consumer, was $20 an ounce today, compared with last month’s average of $15.35. Istanbul emas Exchange data yesterday showed Turkey’s imports increased 64 percent in December. On Dec. 31, futures in New York touched $1,181.40, the lowest since June.
“A lot of people are seeing the drop as an opportunity to accumulate gold,” Miguel Perez-Santalla, a vice president at New York-based BullionVault, an online service for buying physical metal, berkata in a telephone interview. “We are seeing some traders also increase positions.”
emas futures for February delivery climbed 1.1 percent to settle at $1,238.60 at 1:45 p.m. on the Comex in New York. Earlier, the price reached $1,239.60, the highest for a most-active contract since Dec. 18. This week, the metal rose 2 percent, the most since Oct. 25.
Fact:
emas slumped 28 percent in 2013 as money-printing sejak central banks failed to spur inflation, damping demand for a protection of wealth.
In 2013, emas tumbled 28 percent, the most since 1981 and the first drop since 2000. Some investors Lost faith in the metal as an alternative investment amid a U.S. equity rally to a record and muted inflation. China’s consumption of jewelry, bars and coins rose 30 percent to 996.3 metric tons in the 12 months that ended Sept. 30, while usage in India, the second-biggest buyer, gained 24 percent to 977.6 tons, according to the London-based World emas Council. On the New York Mercantile Exchange, platinum futures for April delivery rose 0.7 percent to $1,414.20 an ounce. Earlier, the price reached $1,418, the highest since Nov. 20. This week, the metal advanced 2.6 percent. On the Comex, silver futures for March delivery rose 0.4 percent to $20.211 an ounce. Palladium futures for March delivery advanced 0.1 percent to $731.20 an ounce on the Nymex.
“A lot of people are seeing the drop as an opportunity to accumulate gold,” Miguel Perez-Santalla, a vice president at New York-based BullionVault, an online service for buying physical metal, berkata in a telephone interview. “We are seeing some traders also increase positions.”
emas futures for February delivery climbed 1.1 percent to settle at $1,238.60 at 1:45 p.m. on the Comex in New York. Earlier, the price reached $1,239.60, the highest for a most-active contract since Dec. 18. This week, the metal rose 2 percent, the most since Oct. 25.
Fact:
emas slumped 28 percent in 2013 as money-printing sejak central banks failed to spur inflation, damping demand for a protection of wealth.
In 2013, emas tumbled 28 percent, the most since 1981 and the first drop since 2000. Some investors Lost faith in the metal as an alternative investment amid a U.S. equity rally to a record and muted inflation. China’s consumption of jewelry, bars and coins rose 30 percent to 996.3 metric tons in the 12 months that ended Sept. 30, while usage in India, the second-biggest buyer, gained 24 percent to 977.6 tons, according to the London-based World emas Council. On the New York Mercantile Exchange, platinum futures for April delivery rose 0.7 percent to $1,414.20 an ounce. Earlier, the price reached $1,418, the highest since Nov. 20. This week, the metal advanced 2.6 percent. On the Comex, silver futures for March delivery rose 0.4 percent to $20.211 an ounce. Palladium futures for March delivery advanced 0.1 percent to $731.20 an ounce on the Nymex.
Fruitnotes Blogs | The premium to take immediate delivery of emas in China, the world’s biggest consumer, was $20 an ounce today, compared with last month’s average of $15.35. Istanbul emas Exchange data yesterday showed Turkey’s imports increased 64 percent in December. On Dec. 31, futures in New York touched $1,181.40, the lowest since June.
“A lot of people are seeing the drop as an opportunity to accumulate gold,” Miguel Perez-Santalla, a vice president at New York-based BullionVault, an online service for buying physical metal, berkata in a telephone interview. “We are seeing some traders also increase positions.”
emas futures for February delivery climbed 1.1 percent to settle at $1,238.60 at 1:45 p.m. on the Comex in New York. Earlier, the price reached $1,239.60, the highest for a most-active contract since Dec. 18. This week, the metal rose 2 percent, the most since Oct. 25.
Fact:
emas slumped 28 percent in 2013 as money-printing sejak central banks failed to spur inflation, damping demand for a protection of wealth.
In 2013, emas tumbled 28 percent, the most since 1981 and the first drop since 2000. Some investors Lost faith in the metal as an alternative investment amid a U.S. equity rally to a record and muted inflation. China’s consumption of jewelry, bars and coins rose 30 percent to 996.3 metric tons in the 12 months that ended Sept. 30, while usage in India, the second-biggest buyer, gained 24 percent to 977.6 tons, according to the London-based World emas Council. On the New York Mercantile Exchange, platinum futures for April delivery rose 0.7 percent to $1,414.20 an ounce. Earlier, the price reached $1,418, the highest since Nov. 20. This week, the metal advanced 2.6 percent. On the Comex, silver futures for March delivery rose 0.4 percent to $20.211 an ounce. Palladium futures for March delivery advanced 0.1 percent to $731.20 an ounce on the Nymex.
“A lot of people are seeing the drop as an opportunity to accumulate gold,” Miguel Perez-Santalla, a vice president at New York-based BullionVault, an online service for buying physical metal, berkata in a telephone interview. “We are seeing some traders also increase positions.”
emas futures for February delivery climbed 1.1 percent to settle at $1,238.60 at 1:45 p.m. on the Comex in New York. Earlier, the price reached $1,239.60, the highest for a most-active contract since Dec. 18. This week, the metal rose 2 percent, the most since Oct. 25.
Fact:
emas slumped 28 percent in 2013 as money-printing sejak central banks failed to spur inflation, damping demand for a protection of wealth.
In 2013, emas tumbled 28 percent, the most since 1981 and the first drop since 2000. Some investors Lost faith in the metal as an alternative investment amid a U.S. equity rally to a record and muted inflation. China’s consumption of jewelry, bars and coins rose 30 percent to 996.3 metric tons in the 12 months that ended Sept. 30, while usage in India, the second-biggest buyer, gained 24 percent to 977.6 tons, according to the London-based World emas Council. On the New York Mercantile Exchange, platinum futures for April delivery rose 0.7 percent to $1,414.20 an ounce. Earlier, the price reached $1,418, the highest since Nov. 20. This week, the metal advanced 2.6 percent. On the Comex, silver futures for March delivery rose 0.4 percent to $20.211 an ounce. Palladium futures for March delivery advanced 0.1 percent to $731.20 an ounce on the Nymex.