(Bloomberg) -- Gold traded little changed in Asia
amid speculation that a rise in energy costs will boost demand
for the precious metal as a hedge against inflation. Silver was
unchanged.
The gold price usually moves in the same direction as crude
oil, which traded near a nine-month high in New York as a drop
in U.S. refinery processing rates raised concerns among some
investors about supplies. Oil yesterday rose 2.1 percent.
Read more at Bloomberg Commodities News
amid speculation that a rise in energy costs will boost demand
for the precious metal as a hedge against inflation. Silver was
unchanged.
The gold price usually moves in the same direction as crude
oil, which traded near a nine-month high in New York as a drop
in U.S. refinery processing rates raised concerns among some
investors about supplies. Oil yesterday rose 2.1 percent.
Read more at Bloomberg Commodities News
No comments:
Post a Comment