#commodity apps

Gold prices tumbled in April, breaking below $1,400 an ounce to a three-and-a-half-year low as investors liquidated and many flocked to equity markets in hopes of better returns. Big gold investors watched their wealth shrink. On April 15, gold lost $140 an ounce in one of its biggest, one-day drops ever. Global inflation has been tepid, providing little incentive to buy gold. But bargain hunters stepped in as gold prices retreated, says Dillon Gage Metals, international wholesale metals dealers.

Dillon Gage Metals, wholesale precious metal dealers in Dallas, have named John Humphrey to head the company's newest division, Digital Metals. The Digital group will focus on building advanced platforms for Dillon Gage's dealer network.

Imports by mainland China from Hong Kong nearly doubled last year to a record level as incomes rose and investors gravitated to hard assets. As the nation's appetite for gold grows, Chinese regulators may launch gold Exchange Traded Funds (ETFs) soon. Keep an eye on China as new investment opportunities unfold in gold for that giant population, recommends Dillon Gage Metals, international wholesalers of precious metal investment products.

Dillon Gage Metals has just made it easier to access precious metals information while on the go with the release of its free, new mobile application. The app, which can be downloaded from the App Store SM and Google Play, is compatible with Android, iPhone, iPod Touch and is optimized for iPhone 5.