Gold Market News Directory

CPM Group Sees Gold Price Averaging $1,208 in 2015

Bloomberg reported that CPM Group believes the price of gold will fall for a third year in a row in 2015. The firm is basing its prediction in part on the fact that concern about global economies is waning, with safe-haven demand for the yellow metal decreasing as a result.

Indian Gold Imports Could Hit 150 Tonnes in March

BullionStar's Koos Jansen reported that preliminary data shows that India has already imported more than 130 tonnes of gold this month. Total gross imports for March could reach 150 tonnes, as per a "conservative estimate."

Gold Smuggling in India on the Rise

Mining.com reported that import restrictions and higher tariffs have led to an increased amount black market gold being smuggled into India. The number of gold seizures rose to 3,412 cases in the first 10 months of fiscal 2015 for a value of approximately $150 million, compared to 2,450 cases during 2014, according to Kitco.

ANZ: Asian Gold Demand to Double by 2030

Bloomberg reported that according to Australia and New Zealand Banking Group Ltd. (ASX:ANZ), Asian gold demand is set to double by 2030 on the back of higher investment and jewelry demand.