| Gold prices eased in Asia Wednesday with the focus on demand prospects in India and China as the world's top two importers of the yellow metal. On the Comex division of the New York Mercantile Exchange, Gold futures for August delivery traded at $1,262.20 a troy ounce, down 0.28%, after hitting an overnight session low of $1,264.60 and off a high of $1,293.50.
China has mulled measures to boost its economy and India's recent federal election brought in a new government dedicated to taming inflation and shoring up public finances. Investors are eyeing those efforts for signals on demand, particularly India where the previous government had moved to restrict gold imports...............................................Full Article: Source
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