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

Is Asian demand enough to pull gold back up?

Posted on 23 April 2014

Despite the weakening of the gold market last year, the demand for gold in Asia (mainly in China and India) strengthened during 2013. But does Asia still play an important role in determining the price of gold? Also, is the strong demand for the yellow metal in Asia enough to pull back up the price of gold?
Gold is currently trading around $1,300. In comparison, back in early April 2013, gold was close to $1,600 — this represents a roughly 19% drop. The plunge in the price of gold was mostly attributed to the decline in demand for gold as an investment………………………………………..Full Article: Source


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VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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