"Investment demand in the metals is dead, " said Frederick Bogart, head of gold trading at Republic National Bank in New York.
22.
Silver rose 2.2 percent to a nine-year high as strong industrial and investment demand in Europe reduced U . S . inventories.
23.
"Until you see investment demand-- the key to all precious metals markets-- re-enter the scene, silver isn't going to do much ."
24.
The silver is heading to London, as there is supply tightness in Europe, ( where ) there is both industrial and investment demand.
25.
"So far there hasn't been dynamic investment demand and, in the end, that will be critical to the durability of the upswing ."
26.
The reductions come amid a sustained period in which inflation has been virtually held at bay in the United States, reducing investment demand.
27.
Government securities dealers usually push up yields on existing bonds ahead of the Treasury's quarterly auctions in order to stir up investment demand.
28.
Consequently, investment demand during the quarter registered a net sale offtake of 2 . 5 tonnes, maintaining the same level as last year.
29.
"There's just a tremendous lack of investment demand, " said Ted Kelly, gold trader with Sun Valley Gold Co . in Sun Valley, Idaho.
30.
But to carry the price much higher than the current $ 300 an ounce will take something else, like an increase in investment demand.
