Thu, Nov 27, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Market Pulse more

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


 Article link

This post was written by:

VRS - who has written 38163 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30