Gold consolidated above the $1,100 level on Wednesday while oil prices extended their advance after strong gains in the previous session and copper maintained a hold above the key $7,000-a-tonne mark. Gold traded at $1,118 a troy ounce after ending Tuesday's session in New York at $1,119.40. James Steel, precious metals analyst at HSBC, said evidence of rising inflationary pressures in both the UK and India, an advanced and major emerging market economy, were an "outright positive" for gold...
Full Story: Metals Place
