Daily gold report: Wednesday 11th July

Gold traded $2 above Tuesday's US close in the first-half of London trade on Wednesday, approaching lunchtime just shy of $666 per ounce...

Gold traded $2 above Tuesday's US close in the first-half of London trade on Wednesday, approaching lunchtime just shy of $666 per ounce.

Aside from growing demand for investment gold, 'additional buying in gold also comes from the strong support around the $650 level,' said Pradeep Unni at Vision Commodity Services in Dubai to Reuters earlier.

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Adrian has written all things gold related from if it’s worth buying, what the real price of gold should be and what’s the point of gold for MoneyWeek. He has also written for other leading money titles on his gold expertise including Business Insider, Forbes, City A.M, Yahoo Finance and What Investment Magazine. Now Adrian is head of the research desk at BullionVault, a physical market for gold and silver for private investors online.