Commodity Market Update : Epic Research Malaysia

Gold prices pushed higher again Tuesday in the wake of reports that the European Central Bank may inject liquidity via corporate bond purchases.

Gold for December delivery GCZ4, -0.29% rose $7 to settle at $1,251.70 an ounce.

Gold prices recovered from back-to-back losses thanks to a combination of global economic uncertainties and overseas demand.

Ole Hansen head of commodity strategy at Saxo Bank says exchange-traded funds are coming off their first increased gold holdings in five weeks. But only just barely.

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