Gold Imports by India Are Said to Slump Before Key Day for Sales

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Spot Gold

Gold Silver Reports (GSR) – Gold Imports by India Are Said to Slump Before Key Day for Sales — Shipments plunged 47 percent to 64.2 metric tons in March from 121 tons a year earlier, the person said, asking not to be identified as the figures aren’t public. Imports in the first three months totaled 159 tons, down 42 percent from a year ago. Finance Ministry spokesman D.S. Malik didn’t answer a call to his mobile phone.                                                     

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Thieves Take 12 Kilogram of Gold From South African Mine

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Gold Silver Reports (GSR) – Thieves Take 12 Kilogram of Gold From South African Mine – The robbers accessed “heavily guarded” gold storage facilities in a significant security breach at the mine, situated in South Africa’s North West province, she said. The incident is being investigated.                          

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Bank of Korea Holds Interest Rate as Inflation Trails Target

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Gold Silver Reports (GSR) – Bank of Korea Holds Interest Rate as Inflation Trails Target – The economy remains on track to grow 3 percent this year but inflation is projected to register 1.6 percent, slightly below the central bank’s previous forecast, Governor Lee Ju-yeol said during a news conference.                             

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Deutsche Bank Taps the Brakes on Its Global Ambitions

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Gold Silver Reports (GSR) – Deutsche Bank Taps the Brakes on Its Global Ambitions – It’s been reorganized and recapitalized, refocused and rebooted. For the better part of a decade, Deutsche Bank AG has been trying to retool itself for a tamer era of more regulation and less risk-taking. Now, as Germany’s biggest lender installs yet another chief executive officer, it’s facing the same old existential question: Should it focus more on rebuilding its domestic banking franchises, rather than continue trying to be Europe’s world-beating answer to Goldman Sachs Group Inc.?                        

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