Asian Buyers Rush in on Gold Price Dip
Source: Reuters, Rujun Shen (8/25/11)
"Dealers saw a flood of orders for physical gold after Asia opened business yesterday."
Gold buyers rushed into Asia's physical market after prices retreated from the record high hit in the previous session, as investors maintained interest in bullion due to a shaky global growth outlook. Dealers saw a flood of orders after Asia opened business yesterday.
"Everyone is hunting for physical gold now," said a Singapore-based bullion dealer, adding that physical gold buying continued even when prices hit records in the past few sessions. . . .View full article