Lower Rupee Keeps Gold Demand Subdued
Reuters reported that gold demand in India stayed lower due to a weaker rupee.
Reuters reported that gold demand in India stayed lower due to a weaker rupee.
Reuters reported that India gold demand fell as a lower rupee increased the cost of imports.
Reuters reported that demand for gold in India dropped as prices increased in the country.
Bloomberg reported that increasing incomes in China may help it become the world's biggest consumer of gold.
The bears have definitely gained ground, but does that mean the bulls need to throw in the towel and nurse their wounds?
Bloomberg reported that China's demand for gold may slow down as investors shy away due to lower prices.
Last year gold was seen as a safe haven that could mitigate exposure to the European debt crisis, but it is now trading in line with more traditional drivers.
Bloomberg reported that gold prices dropped to their lowest since January 3 on concerns about the euro.
India Expecting Increased Gold Buying on Akshaya Tritiya
Bloomberg reported that gold prices were down as a higher dollar caused a drop in investor demand.
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