• April 28 Gold rose on Friday as forecast-beating euro zone inflation data boosted the euro versus the dollar, while global stock markets retreated from Wednesday's record highs on concerns about global trade. U.S. gold futures for June delivery settled up 0.2 percent at $1,268.30.
• "At this point, $1,300 looks like it's more appealing for gold than $1,100," ING analyst Hamza Khan said. "A bit more weakness in the dollar, combined with more movements around North Korea, could be the situation that sets the stage for higher gold prices."
• Gold prices fell amid thin trading and the dollar firmed as the chance of a US Government shutdown receded and as stronger equities dampened demand for non-interest paying bullion.
• Spot gold dropped 0.4 per cent to $1,262.51 per ounce, as of 0900 GMT. US gold futures also eased 0.4 per cent to $1,263.90 an ounce.
• Many financial markets in Asia and Europe were closed for the Labour Day holiday.
• SPDR Gold Shares (NYSE: GLD), the world’s largest physical gold ETF, added 21 tonnes of gold in April, following an outflow of 9 tonnes in March. SPDR GLD Gold Holdings Rise More Than 21 Tonnes in AprilThis brought the total added since the start of the year to 31 tonnes, according to the data compiled by SPDR.
The data also shows what has been a rocky start to the year with an outflow of 23 tonnes in January, followed by a positive surge of 42 tonnes in February. Currently, overall investment flows into the ETF stand at 853.36tonnes.
Reference: Reuters, Kitco, Standard Media
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