DUBAI, July 6 (Xinhua) -- Although the price of gold
declined further at the start of July, gold imports from China and India
and central bank purchases have been picking up, said Gerhard Schubert,
the head of precious metals at bank Emirates NBD.
Source from (Xinhuanet): http://news.xinhuanet.com/english/business/2013-07/06/c_124968338.htm
Published: July 08, 2013
Gold closed on Friday down by 11 U.S. dollars week on
week at 1, 224 dollars per troy ounce. "The gold price has, again,
finished the week on a bearish footing," said Schubert in his weekly
assessment of global markets.
"Gold reacted to better unemployment numbers and strengthening US
economic data." However, "Chinese gold imports are still very much on
record pace and fresh purchases from India are also documented," added
Schubert who did not elaborate whether he expected the fall of the price
of the yellow metal to be halted or not.
No comments:
Post a Comment