Gold and What Moves it.
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Gold nears $1660 in Asian trade

Gold nears $1660 in Asian trade | Gold and What Moves it. | Scoop.it
From www.bullionstreet.com - January 29, 10:23 AM
They added that gold might rebound after the Fed's meeting as the market might have priced in the hawkish sentiment.

 

SINGAPORE(BullionStreet): Gold advanced in Asian trade Tuesday but remained volatile after a reasonably U.S. economic data showed signs of recovery.

 

Gold for immediate delivery was seen trading at $1659.53 an ounce at 12.00 noon Singapore time while US gold for February delivery was at $1658.94 an ounce on the comex division of nymex.

 

Analysts said investors await any decisions from US Fed meeting scheduled for Tuesday and Wednesday.

 

They added that gold might rebound after the Fed's meeting as the market might have priced in the hawkish sentiment. ...

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Ireland remains silent on Gold reserves with BoE

From www.bullionstreet.com - January 15, 11:27 AM
The bank further said it had not entered into any lease arrangements regarding any of its gold but would not provide specific details of its storage arrangements with the Bank of England.

 

DUBLIN(BullionStreet): Irish authorities remained silent over it's gold storing arrangements with the Bank of England despite recent controversies.

 

The Central Bank of Ireland stuck with the two earlier statements which said the value was 235 million pound last time it checked. This represents just over 1 per cent of its total investments.

 

The bank further said it had not entered into any lease arrangements regarding any of its gold but would not provide specific details of its storage arrangements with the Bank of England.

Hal's insight:

If you don't hold the gold, than do you really own it?

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