Gold Clearing Statistics Rise in June

Source:

Gold ounces transferred rose 11.8 percent to a daily average of 21.8 million ounces in June, compared with the previous month, the London Bullion Market Association (LBMA) said on Tuesday.

Gold ounces transferred rose 11.8 percent to a daily average of 21.8 million ounces in June, compared with the previous month, the London Bullion Market Association (LBMA) said on Tuesday.

Based on an average fixing of $655.49 an ounce -- $11.37 lower than in May -- value increased to a daily average of $14.3 billion from $13.0 billion the previous month.

The number of transfers increased to a daily average of 1,649, setting a new record high, the LBMA said in a statement.

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