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Home / Metal News / Newssummary: Shanghai Gold Premiums Rise to $7/oz on Holiday Demand

Newssummary: Shanghai Gold Premiums Rise to $7/oz on Holiday Demand

Jan 14, 2015 14:53

Source:SMM

Shanghai gold premiums advanced to $7/oz due to strong demand ahead of the Chinese New Year holiday in mid February.

SHANGHAI, Jan. 14 (SMM) – Shanghai gold premiums advanced to $7/oz due to strong demand ahead of the Chinese New Year holiday in mid February.

Rising premiums in China’s gold market, up from $4/oz in December 2014, will give some support to global gold prices.

With the holiday approaching, trading and premiums in China’s gold market have picked up significantly in January.

However, gold market in India, Japan and Singapore, remained anemic.

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