Gold Climbs From Six-Month Low as Price Decline Spurs Purchases – Bloomberg 02-17-13

Salient to Investors:

George Soros and Louis Moore Bacon cut their stakes in gold ETPs in Q4 2012.

Huang Fulong at CITICS Futures said macroeconomic data around the world have shown signs of gradual improvement and has pushed gold to a new range of $1,550-$1,625, while lower prices should see physical buyers, who have been largely absent, emerge.

Read the full article at http://www.bloomberg.com/news/2013-02-18/gold-climbs-from-six-month-low-as-price-decline-spurs-purchases.html

 

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