By Joe Brown� || August 22, 2011 at 12:43 GMT
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Off over $35 from early all time highs of 1895. Risk returning has dampened enthusiasm after last week?s rise of over $135, despite latest figures from the SPDR Gold trust. ( world?s biggest exchange traded fund backed by bullion) which�increased by just under 4 tons to 1290.76 as at the end of last week.
UBS analysts do not see a stampede into Gold as a result of Venezuela?s move to repatriate its gold reserves (announced last week)�as the metal is seen as allocated and has not been lent out.
Gold?s trading at 1861.50 after� falling briefly to 1858
Source: http://feedproxy.google.com/~r/forexlive-rss/~3/8S6dgPuYzcY/
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