Gold Unlikely to Rise Above $1,800, Despite Asian Demand
Gold – CNBC reported that despite a history of strong seasonal demand from Asian consumers, gold is unlikely to break the $1,800 an ounce barrier.
Articles Tagged "gold demand"
Strikers Return to Work as S.African Unions Accept Wage Deal
Gold – Reuters reported that South African unions struck a wage deal with the mines, and most of the striking workers have returned to work.
Is India’s Appetite for Gold Declining?
Gold – Indian gold demand has been weak in 2012. Improvement is expected in Q4, but annual demand is still likely to be down. Are we seeing a trend?
Indian Gold Imports to Rise for First Time in Six Quarters
Gold – Bloomberg reported that Indian demand for gold is set to rise, driven in part by lower buillon prices. This may support a rally in prices.
Waning Chinese Demand Could Dampen Market
Gold – MarketWatch reports that the waning demand for gold imports to mainland China could place unexpected downward pressure on the market.
Strong Dollar Weighs Down Gold Prices
Gold – Bloomberg reported that gold prices were down for the third consecutive session as demand for a stronger dollar outshone demand for precious metals. The dollar climbed 0.4 percent on word from the International Monetary Fund that its expectation for global economic growth would be 3.3 percent this year, the slowest since the 2009 recession.
Unrest in South Africa to Impact Bullion Supply and Support Gold
Gold – Business Insider reported that mine strikes taking place in South Africa are having an impact on gold supply.
Gold Hits New High in Euros and Francs
Gold – Bloomberg reported that the price of gold has set a record in euros and Swiss francs as concerns mount on central banks' moves to bolster the economy will in fact devalue the currencies.
India Gold Demand Sluggish Due to Strike
Gold – Reuters reported that gold demand in India was down as a nationwide strike affected many retailers. The one-day strike was organized as a protest against the sweeping government reforms announced last week.
A Tale of Two Dips: Gold Demand in India and China
Gold – Demand for gold is down in both China and India, the top two consuming nations of the yellow metal. The reason for the dips are different, however, as are the prospects for a gold market recovery.
