Gold Demand Surges in Indonesia

[JAKARTA] Gold jewellery demand in Indonesia is set to expand to a four-year high as consumers in Southeast Asia's biggest buyer join India to China in increasing purchases as prices slump and the middle class expands.  LINK...
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Asia is gold's future trading hub. Gold is in the process of leaving the West behind and moving East, follow gold to prosperity as economic history dictates over the centuries.  BK

Gold Up On Asia Buying

SINGAPORE, March 4 (Reuters) - Gold inched up on Monday, bouncing from a one-week low hit on Friday, supported by physical buying in Asia, but robust U.S. economic data dented bullion's safe-haven appeal. Automatic spending cuts that kicked off in the United States on Friday, pushing spot gold to its lowest level in more than a week, also continued to weigh. "The broad theme might be gold-negative, because the spending cuts are probably taking away a bit of the froth on the idea that policymakers are spending out of control and they will keep doing so until the recovery takes hold," said a Hong Kong-based trader.   LINK...

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Government spending is Gold positive. If suitable, this is a good buying opportunity for long-term investors.   BK