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Asian physical gold demand improving: Analysts

Posted on 31 October 2012

Asian physical gold demand is showing signs of life, said analysts. According to UBS, the physical demand is looking somewhat rejuvenated of late, but it’s not a consistent trend. The volumes last week of around 36.2 metric tons were the highest turnover since late September.
According to Barclays Capital, Our flows to India indicated some days of strong demand last week, but continue to lack consistency. The key thing to watch for in India is if hefty levels are sustained, especially now that we are in the traditionally busy wedding season, or if demand remains erratic, as has been the case for most of the year. That the rupee is weakening as the week starts will act as an obstacle………………………………………..Full Article: Source


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