With India having imported a phenomenal 525 metric tons in the first half of 2017 alone, Teves writes that «
we expect gold demand in India this year to be around historic averages,» which would be very supportive for prices.
Not exact matches
NEW YORK / LONDON, May 2 -
Gold prices hovered near four - month lows on Wednesday as the dollar advanced, and were
expected to remain under pressure from a significantly stronger U.S. currency and weak investment
demand.
LONDON, May 2 -
Gold steadied on Wednesday near 4 - month lows as the dollar's uptrend paused, but prices of the precious metal are
expected to remain under pressure from a significantly stronger U.S. currency and weak investment
demand.
(New throughout, updates prices, market activity and comments; adds second byline and NEW YORK) NEW YORK / LONDON, May 2 (Reuters)-
Gold prices hovered near four - month lows on Wednesday as the dollar advanced, and were
expected to remain under pressure from a significantly stronger U.S. currency and weak investment
demand.
Low
gold prices are also
expected to generate high
demand in India as we approach fall festivals such as Diwali and Dussehra, not to mention weddings.
Precious and Industrial Metals Inflation concerns, geopolitical tensions and interest - rate levels, especially real yields, contributed to a 1.7 % rise in the spot price of
gold (to US$ 1,325 per troy ounce), as did swings in the US dollar.1 Gold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projec
gold (to US$ 1,325 per troy ounce), as did swings in the US dollar.1
Gold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven demand was a key support as exchange - traded gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projec
Gold prices traded within the US$ 1,305 — 1,360 range throughout the period, reached 18 - month highs in March and capped their third straight quarterly gain, a feat not seen since 2011.1 Haven
demand was a key support as exchange - traded
gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projec
gold holdings of 2,269 metric tons (mt) neared a five - year high.1 The Fed is widely
expected to boost borrowing costs, and investors have been carefully watching the central bank's statements to see whether it targets more rate increases in 2018 than previously projected.
According to the World
Gold Council (WGC), India gold demand is expected to touch a record level of 300 - 400 tonnes between April and June, a 200 per cent year - on - year increase and almost half of total imports last y
Gold Council (WGC), India
gold demand is expected to touch a record level of 300 - 400 tonnes between April and June, a 200 per cent year - on - year increase and almost half of total imports last y
gold demand is
expected to touch a record level of 300 - 400 tonnes between April and June, a 200 per cent year - on - year increase and almost half of total imports last year.
With China's increasing domestic
demand for
gold, economic growth trends and continued weakness in the Chinese stock market, some analysts
expect gold prices to reach new highs.
Better - than -
expected U.S. jobs data on Friday boosted the dollar and dampened safe - haven
demand for
gold, pushing prices to $ 1,183.46 on Monday.
Although at present the overwhelming majority of holdings are currently invested in Islamic bonds, equities and real estate investment trusts (REITs), the new standard is now
expected to open up a massive new source of
demand for
gold - related products.
Physical
demand in the large consumer
gold market of India has been weaker than
expected because the newly elected government has not yet reduced
gold import restrictions despite the trade balance having improved.
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A better than
expected U.S. Manufacturing report helped to underpin the U.S. markets and create upside momentum.A surge in
demand for higher yielding assets is also helping to drive crude oil and
gold prices higher.
Gold demand in the fourth quarter of 2017 is
expected to be equivalent to that in that last year, particularly in the wedding season, which, however, is certainly better than that during the period of Dhanteras and Diwali.
The
demand for
gold in India is
expected to see a surge, as the peak wedding season is coming and jewelers across the country are pretty excited to bag a high premium.