Thursday, 1 October 2015

Gold bullion faces near-term stumbling block from poor Indian demand: HSBC

Key gold consuming nation India is seeing slack bullion demand and is trading at a discount to the international spot price, with scant evidence of any upside ahead of the approaching wedding season, HSBC said late Monday. Senior strategist James Steel said in a research note that "despite the proximity of the gold buying season the Indian market is at a notable discount to world prices,....Read More

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