Gold Tops $1,400 as Demand for Jewelry, Coins Surge

Gold market update for Friday, April 19th. Jewelers and physical bullion buyers are driving gold prices back above $1400 as they take advantage of bargains following the biggest price slump in over 3 decades. Buying is especially strong in China, India and broader Asia. Tim Gardiner, managing director of TD  Securities in New York comments “Reports of record demand keep coming in from around the globe…” Meanwhile, holdings in exchange-traded funds decreased by 0.7% on Thursday to their lowest level since January 2012. Read more…