Commodity Trade Mantra

Posts Tagged ‘LBMA Gold Prices’

Russians Buy More 25 Tonnes Of Gold Bullion Again In June

Russia puts great strategic importance on its gold bullion reserves. While its gold reserves may not be on a par with western nations it is worth noting that neither is Russia’s debt. In the event of a new global debt crisis and an international monetary crisis, Russia is less fragile than many debt-laden western economies.

Gold And Silver Rise on Short-Covering, Physical Demand & Greece Risks

Precious metals had their best day since January yesterday as the price of gold and silver rose substantially. Many factors seemed to have come together to generate the rise but the primary cause seemed to be buying in the futures market which led to short covering which quickly propelled gold & silver in a short time.

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