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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...
Gold: in 2022 central banks bought the largest amount since 1967
According to the World Gold Council (WGC), central banks purchased the largest amount of gold in 2022 since 1967, adding as much as 1,136 tonnes to their stocks worth around USD 70 billion in 2022, by far the highest of any year since 1967. The data underscore a...
Gold: Indian imports plummet 79% as prices rise
India's gold imports in December plummeted 79 percent from a year earlier, reaching the lowest level in at least two decades, due to a rise in local prices near all-time highs that dampened demand. Falling imports from the world's second-largest consumer of the...
Gold: prices add 6-month highs thanks to technical buying
Gold prices jumped more than 1 percent to six-month highs, thanks to technical buying, as investors await the minutes of the Federal Reserve's latest policy meeting for more guidance on the path of rate hikes. Spot gold currently trades at $1,837.88 an ounce (09:36...