Gold gains as equities slip, physical demand remains high

SINGAPORE, May 27 (Reuters) - Gold rose on Monday, benefiting from a shift in funds out of equities as concerns over global economic growth lifted bullion's safe-haven appeal
and stretched its gains following its best week in a month. The recent fall in gold prices also kept physical demand for the metal high in Asia with sellers struggling to keep pace with
orders. Gold prices remain around $150 cheaper compared to levels just before a sell-off in mid-April.

 

Read more: Reuters, 27 May 2013

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