(MENAFN- Khaleej Times) Gold traded near the highest in almost two months in London as investors weighed better physical demand against prospects for less US stimulus. Silver headed for the best week since 2011 after entering a bull market.
Gold for immediate delivery lost 0.1 per cent to $1,364.60 an ounce by 9:19am in London. Prices reached $1,372.97, the highest since June 19, and are up 3.8 per cent this week. Bullion for December delivery was up 0.2 per cent at $1,364 on the Comex in New York. Futures trading volume was about the average for the past 100 days for this time of day, data compiled by Bloomberg showed. Gold ETP holdings fell 0.6 metric ton to 1,949.5 tons yesterday, data compiled by Bloomberg show.
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