Friday, 31 May 2013

Reuters: PRECIOUS-Gold gains on hopes Fed stimulus will stay, ETF holdings up

Gold climbed on Friday, hovering near a two-week high hit in the previous session, as
weak U.S. economic data eased fears that the Federal Reserve
could soon wind down its bullion-friendly bond buying programme.

A rise in gold-backed exchange-traded fund holdings for the
first time in three weeks also indicated renewed interest in the
precious metal -- typically seen as a hedge against inflation.

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