Gold Silver Reports – Mysterious Gold Trades of 4 Million Ounces Spur Price Plunge – Trades that moved about 4 million ounces of gold in a matter of minutes awakened the precious metal from its slumber.
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Mysterious 4 Million Ounces of Gold Trades Trigger Price Plunge
Gold Silver Reports – Mysterious 4 Million Ounces of Gold Trades Trigger Price Plunge – A series of trades that moved about 4 million ounces of gold in the futures market awakened the precious metal from its slumber.
Gold Futures’ 4 Million Ounce Trade Triggers Sell-Off
Gold Silver Reports – Gold Futures’ 4 Million Ounce Trade Triggers Sell-Off – Gold appears to be vulnerable to the whims of traders. After 11:10 a.m. in New York almost 40,000 contracts, each representing 100 ounces of the metal, traded in a span of 10 minutes, spurring a sell-off that sent prices down almost 1 percent.
India 4th-Quarter Gold Imports May Fall 25 Percent on Weak Festival Demand – Execs
Gold Silver Reports – India’s gold imports in the last quarter of 2017 could drop by a fourth from a year ago due to weak demand during key festivals and as investors seek better returns from riskier assets like equities, industry officials and analysts said.
No Lasting Impact of Demonetisation on Gold Consumption
Gold Silver Reports – No Lasting Impact of Demonetisation on Gold Consumption – Gold has long been the sump of cash in India. No wonder that gold demand plummeted in the post demonetisation months. But the demand soon bounced back to previous levels in a few months (see table).
Gold Imports by India Slump as Inventories Pile Up
Gold Silver Reports – Gold imports by India, the world’s biggest consumer after China, dropped 31 percent last month from a year earlier, according to a person familiar with the information.
Gold Prices Slip on Reduced Demand in Mumbai
Gold Silver Reports – Mumbai: Gold prices declined for the third straight session at the domestic bullion market in Mumbai on Monday due to subdued offtake from stockists and traders, even as it strengthened overseas.