Gold ETF liquidation last year at 880 tonnes, physical gold demand at 4,957 tonnes, net surplus of 277 tonnes – gfms
SINGAPORE (Reuters) – Gold fell for a second session out of three on Thursday on higher equities and as the world’s biggest gold-backed fund saw its sharpest outflow in nearly four months.
Bullion fell nearly 2 percent on Tuesday to its lowest in 1-1/2 weeks on technical selling and fears over slowing demand in top consumer China, but steadied just above the $1,300 an ounce in the previous session.
SINGAPORE (Reuters) – Gold retreated on Tuesday from a three-week high as gains in equities and strong U.S. retail sales data offset safe-haven bids that were driven by heightened tensions in Ukraine.
U.S. retail sales recorded in March their largest gain in 1-1/2 years in a decisive sign the economy is bouncing back from its weather-induced slumber, boosting equities that have been under pressure recently.