(Bloomberg) -- Gold may rise in London as oil price
gains spur demand in the Middle East, the third-biggest region
for gold use. Silver was unchanged.
Oil is correlated to gold mostly because it affects the
incomes of people in the Middle East, Natalie Dempster,
investment-research manager of the producer-funded World Gold
Council, said in London yesterday. Gold has climbed 3.3 percent
this year and oil is up 16 percent.
Read more at Bloomberg Commodities News
gains spur demand in the Middle East, the third-biggest region
for gold use. Silver was unchanged.
Oil is correlated to gold mostly because it affects the
incomes of people in the Middle East, Natalie Dempster,
investment-research manager of the producer-funded World Gold
Council, said in London yesterday. Gold has climbed 3.3 percent
this year and oil is up 16 percent.
Read more at Bloomberg Commodities News
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