Tuesday, July 9, 2013

Reuters: Money News: Gold borrowing rates hit 2009 highs as sell-off tightens supply

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Reuters: Money News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Gold borrowing rates hit 2009 highs as sell-off tightens supply
Jul 10th 2013, 02:03

NEW YORK (Reuters) - The cost of borrowing gold surged on Tuesday to the highest level since January 2009, reflecting dwindling supplies from bullion banks after heavy liquidation and resilient demand for physical gold products.

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