PRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day
06/12/2012| 04:12pm US/Eastern
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TOP STORIES
Indian Investment in Gold ETFs Grows Marginally in May
MUMBAI--The gleam on India's paper gold investments seems to be fading as purchases rose only a tad in May, the fourth straight month of weak growth.
STORIES OF INTEREST
ZKB ETF Gold Holdings Up 0.8% on Week; PGM Holdings Fall
LONDON--Gold holdings in the exchange-traded fund of Zurich Cantonal Bank, or ZKB, rose 0.8% in the week to June 11, according to ZKB data Tuesday.
UPDATE: ETF Secs: Gold ETCs See Highest 3-Week Inflows in 10 Months
ETF Securities' gold-backed exchange-traded commodities have recorded the strongest inflows over a three-week period since August 2011, the company said Tuesday.
Central Rand Gold Downgrades Resource Estimate Following New Report
LONDON--Central Rand Gold Ltd. (CRD.JO) Tuesday said it is downgrading its resource estimate following the completion of a new competent person's report by Venmyn Rand Proprietary Ltd. for the company's resource base.
MARKETS
PRECIOUS METALS: Gold Climbs as QE Hopes Stoke Haven Demand
NEW YORK--Gold held above $1,600 an ounce Tuesday, as a weaker dollar and talk of further monetary easing drew investors seeking safety into the gold market.
-Write to Tatyana Shumsky at tatyana.shumsky@dowjones.com
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