Weekly Bullion Review: COMEX Gold Ends At $ 1225 Per Troy Ounce, Up $ 11

New York (Jan 4)  The recovery in International Gold was sharp soon after the start of 2014. COMEX Gold February expiry ended at $ 1225.2 per troy ounce, up $ 11 per troy ounce. Increasing expectations of demand from China resulted in sharp gains in Gold. The Federal Reserve tapering of $ 10 billion last year had impacted the prices of Gold significantly. The metal declined by 28% in 2013. Heavy losses last year has also brought back some bottom fishing in the metal. The premiums of Gold in China were also showing a rise. Total premiums of Gold for immediate delivery were $ 20 per ounce on 3 January, compared to $ 18.72 per ounce in 2013.