Gold Futures Rise Most in 3 Weeks on Central Bank Buying – Bloomberg 10-25-12

Salient to Investors:

Brazil added to gold reserves for the first time since December 2008, Turkey increased its holdings. India normally buys at this time of the year thru November because of jewelry demand for weddings and festivals.

David Meger at Vision Financial Markets said central banks are increasing getting into the gold market, with value buying especially in India.”

Read the full article at http://www.bloomberg.com/news/2012-10-25/gold-gains-as-drop-to-six-week-low-spurs-buying-etps-set-record.html