US gold price futures rally 2 per cent; bargain hunters shop around

Jan 02 2014, 16:27 IST
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Chinese buyers returned to buy gold supported prices, but physical dealers attributed rally to thin market. PTI Chinese buyers returned to buy gold supported prices, but physical dealers attributed rally to thin market. PTI
SummaryGold price futures jumped 2 percent on Thursday as bargain hunters resurfaced after prices plunged to a six-month low.

retail investors after strong purchases in recent months. China does not publish gold trade data. The numbers from Hong Kong - a main conduit for gold into China - give the best picture of the country's trade of the precious metal. In other markets, Asian share markets endured mixed fortunes on Monday in the wake of disappointing data on Chinese manufacturing, while investors showed renewed appetite for commodities as the new year got underway.

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