Gold edges up near $1615 in Asia | Gold and What Moves it. | Scoop.it
Gold for immediate delivery was seen trading at $1614.58 an ounce at 12.00 noon Singapore time while US gold was seen at $1614.09 an ounce on the comex division of nymex.

 

SINGAPORE(BullionStreet): Gold advanced in Asian trade Tuesday as strong physical helped it move away from further from lows reached at the end of last week.

 

Gold for immediate delivery was seen trading at $1614.58 an ounce at 12.00 noon Singapore time while US gold was seen at $1614.09 an ounce on the comex division of nymex.

 

In other precious metals, silver for delivery in March rose 21 cents to $30.06 an ounce. Palladium for March delivery jumped $10.10 to $763.25 an ounce, while April platinum rose $16.90 to $1694.60 an ounce.

 

Analysts however said lack of interest from Western investors and a firm dollar kept a lid on gains. ...