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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Indian and Chinese demand to keep bullion prices stable

Posted on 11 February 2014

Traders and experts speaking at the Global Commodity Conference in Dubai on Sunday said that 2014 may see some upside swings in gold prices with markets potentially remaining volatile through the year.
Speaking at a panel discussion, industry players and analysts said despite the higher import duties introduced by India, a key market for physical gold and large scale liquidation of paper gold (ETFs) in the West, gold demand has strong support from People’s Bank of China which is adding bullion as reserve and consumption demand from India………………………………………..Full Article: Source


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