U.S. gold stocks inventory jump to highest since March 2013

New York (Aug 14)  Gold stocks held at U.S. exchange warehouses have shot to their highest since March 2013 as Asian bullion consumption weakened, keeping a lid on prices.

Total U.S. gold stocks GC-STX-COMEX, comprised of 100-troy ounce COMEX approved gold bars in CME Group's five COMEX warehouses in New York, rose to 9.74 million ounces on Monday, the highest since February 2013, latest exchange data shows.

The inflows have accelerated recently, with vaults taking in 1.6 million ounces since Aug. 4, the steepest and most prolonged increase since July 2008.

Source: Reuters