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Silver: record demand pushes the metal into a new age of deficits
Global demand for silver rose 18 percent last year to a record 1.24 billion ounces, creating a huge supply deficit, the Silver Institute said Wednesday, predicting further shortages in the years ahead. The institute said the silver market will have a supply deficit of...
Precious metals: Chinese households headed for a “safe” market
Consumption of jewelry and precious metals in China surged 37.4 percent in March from a year earlier, contributing to a 13.6 percent increase in the quarter and topping the list of items fueling a surge in retail sales in the first quarter. China's economy grew faster...
Gold: price runs to one-year highs after U.S. data disappointment
Gold extended gains to above $2,000 an ounce on Tuesday, thanks to a drop in the dollar and yields, while weaker U.S. economic data encouraged bets on a slowdown in rate hikes, despite growing concerns about oil-driven inflation. Today, Wednesday, April 5, gold is...
Gold: Indian imports plummet 76% to 32-month lows
India's gold imports collapsed 76% year-on-year in January to a 32-month low, due to weak demand after domestic prices soared to record highs and as jewellers postponed purchases, hoping for a reduction in import duties. Falling imports from the world's second-largest...