Gold trades near one-month low amid less demand

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Source: Bloomberg
Gold was traded close to the lowest level in a month after filings showed that Blackrock Inc. and George Soros reduced their exchange-traded products backed with the metal suggesting that demand is weakening as U.S. stocks rally to records. Bullion for delivery in May was little changed at $1,391.10 an ounce as of 3:04 p.m. Singapore time after falling to $1,387.30, the lowest since April 19.

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Thu, 16 May 2013 12:03:12 GMT

China's stocks rise led by financial companies and property developers

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