BENGALURU/MUMBAI Most Asian hubs experienced a slight uptick in physical gold demand this week as consumers took advantage of a retreat in prices, with cheaper silver continuing to be the preferred bet.
Aug 23 Gold edged lower on Friday, heading for
its first weekly decline in four, as investors locked in profits
from bullion's recent strength as they awaited clarity on U.S.
interest rate cuts from the Federal Reserve chairman's speech at
Gold prices dipped on Thursday as investors locked in profits, with the focus shifting to Friday's speech by U.S. Federal Reserve Chairman Jerome Powell at the Jackson Hole meeting for clarity on the direction of monetary policy.
* Eyes on Fed minutes, Jackson Hole symposium for rate
* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl
Aug 19 Gold shed 1% on Monday as a recovery in
share markets and rising U.S. Treasury yields reduced some of
the metal's safe-haven appeal, prompting investors to book
BENGALURU/MUMBAI High prices prompted Asian consumers to sell back physical gold this week to lock in profits, though price dips still attracted buying as economic jitters burnished the metal's appeal as a haven from risk.
* 10-yr Treasury yields drop under 2-yr yield first time in
* Spot gold may retest support at $1,480/oz - techs
* SPDR Gold holdings dipped 0.7% on Thursday