The precious metal gold was seen very positive

[gnutrade.satya]

The precious metal gold was seen very positive as strong physical demand lifted the metal higher for its sixth straight daily gain.
UBS analyst Edel Tully wrote in a note said: "The international gold market is now paying a lot more attention to China's gold demand, not just from an official reserve asset perspective, but also private demand. Behind India, China is the second-largest physical consumer. Therefore any step to integrate, liberalize, and expand this market should, in time, foster a rising appetite for gold."Gold prices for December delivery settled up up $8.40 at $1,195.90.