Gold Price Forecast: XAU/USD to shrug off Fed Minutes – Commerzbank Gold XAUUSD Fed China Banks
Demand picks up in China and India following slide in Gold
“Price slide seems to have pushed up Gold demand in India and China last week. The higher demand is meeting with reduced supply after Fold imports were postponed in anticipation of a possible cut in import tax that did not then materialise. following the New Year festivities. This reveals yet again how price sensitive Gold buyers are in India and China. Though this does not mean that they are able to drive prices significantly up, they can preclude or at least slow any further price fall.
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