Bloomberg News

Gold Sales to India Were Double Average Yesterday, UBS Says

January 04, 2012

Jan. 4 (Bloomberg) -- UBS AG said its physical gold sales to India were “about double average levels” yesterday.

“As the new year begins, physical demand is evident,” UBS analyst Edel Tully said in a report today. China’s “gold appetite” has been elevated since mid-December, she wrote.

To contact the editor responsible for this story: Maria Kolesnikova at mkolesnikova@bloomberg.net


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