Gold Falls Most in Two Weeks on Fed Stimulus Speculation - Bloomberg

Gold Falls Most in Two Weeks on Fed Stimulus Speculation - Bloomberg: "
"China Outlook
The China Gold Association said demand may ebb in the second half of this year after surging in April. Assets in global exchange-traded products backed by the metal fell to 2,152 metric tons yesterday, the lowest since June 2011, according to data compiled by Bloomberg.
India is the world’s biggest gold buyer, followed by China.
Silver futures for July delivery declined 2 percent to $22.243 an ounce, the biggest drop since May 15. This month, the price tumbled 8 percent, the fourth straight drop.
This year, silver has slumped 26 percent, the most among 24 raw materials in the Standard & Poor’s GSCI Spot Index, followed by corn and gold.
On the New York Mercantile Exchange, palladium futures for September delivery fell 0.9 percent to $753.65 an ounce. This month, the price rose 8 percent, the most since November, on concern that global demand may outpace supplies for the metal used in jewelry and pollution-control devices in vehicles.
Platinum futures for July delivery dropped 1.4 percent to $1,461.80 an ounce. In May, the price fell 3 percent, the fourth straight decline and the longest slump since October 2008.
This year, palladium has climbed 7.2 percent, while platinum dropped 5.2 percent.
To contact the reporters on this story: Debarati Roy in New York at droy5@bloomberg.net; Joe Richter in New York at jrichter1@bloomberg.net

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