Gold swings on speculation

Source: Bloomberg
© Scanpix/Agence France-Presse

The Yellow metal price moved a lot between gains and losses as investors speculated on its growing physical demand versus monetary stimulus reduction, while silver advanced. Spot gold was at $1,246.32 an ounce as of 2:47 p.m. Singapore time compared to $1,243.50 on Tuesday. The bullion dropped to $1,180.50 on June 28, the weakest since August 2010. Silver for immediate delivery gained 0.6% to $19.52.

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