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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: lorne who wrote (74297)7/31/2001 11:07:56 PM
From: lorne  Respond to of 116825
 
AngloGold sees India demand boosting H2 gold
Tuesday July 31, 10:49 am Eastern Time
" Investors flooded into gold futures on the New York Commodities Exchange (Comex) and the open position moved from net 160 tons short at the start of the quarter to a peak net long position equivalent to 134 tonnes at the end of May, dragging up the spot gold price to a $298 high."

``Spot price increases such as those...translate very quickly into lower or no physical demand for gold.''
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biz.yahoo.com