Mon, Mar 2, 2015, 6:54 AM EST - U.S. Markets open in 2 hrs 36 mins

Recent

% | $
Quotes you view appear here for quick access.

SPDR Gold Shares Message Board

  • pharmaherooe pharmaherooe Feb 18, 2013 10:41 AM Flag

    Shanghai Gold Exchange Benchmark Contract Volume Jumps to Record

     

    By Bloomberg News - Feb 18, 2013 10:06 AM GMT+0100

    Gold volumes for the benchmark cash contract on the Shanghai Gold Exchange climbed to a record today, as the market re-opened after a weeklong break and lower prices lured buyers.

    The volume for bullion of 99.99 percent purity exceeded 22,000 kilograms (22 metric tons), according to data compiled by Bloomberg. Prices dropped 2.8 percent to 327.25 yuan a gram ($1,630.29 an ounce) as of 5:04 p.m. Singapore time. Markets were closed last week for the Lunar New Year holiday.

    “Chinese investors returned to the market today after the holiday, and the slump in gold prices in the past week provided great incentive for buying as many Chinese are still holding a bullish outlook on gold,” Qu Mingyu, a trader at Bank of China Ltd., the nation’s fourth-largest lender by assets, said by phone from Shanghai today.

    Spot gold tumbled 3.4 percent last week, the worst such showing since May, as improving data from the U.S. reduced the appeal of haven assets. The metal today rebounded as much as 0.6 percent to $1,618.90 an ounce and last traded at $1,615.40.

    Sentiment: Strong Sell

    This topic is deleted.
 
GLD
116.16+0.64(+0.55%)Feb 27 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Aruba Networks, Inc.
NASDAQFri, Feb 27, 2015 4:00 PM EST