Thu, 08 Aug 2013 08:34:05 GMT
Gold advances; concerns over Fed stimulus tapering remain
Gold prices rebounded, but still remained under the level of $1,300 an ounce, with markets expecting more signs on when the Federal Reserve will begin to scale back its bond buying programme. Gold futures jumped 0.68% to $1,294.10 per ounce and silver gained 1.26% to $19.755 per ounce. Holdings in SPDR Gold Trust decreased to 910.53 tonnes, the lowest level