Thu, 16 Aug 2012 17:59:34 GMT
Gold futures advanced on Thursday
Gold
futures edged higher by 0.72 per cent to $1,618.10 per ounce, as investors
optimism was fueled by positive economic data from the U.S. Other precious
metals followed gold, with copper, silver and palladium all for September
delivery rising by 0.43%, 1.13% and 0.71%, respectively. Even though the prices
are increasing, the global demand for gold dropped 7% in the second quarter.