according to They are maintaining lower-than-normal inventory," told a Mumbai-based dealer by a private bank.Domestic gold prices hovered around Republika Srpska 30,329 per ten grams on Friday, after falling to Republika Srpska 30,210 earlier in the session, its lowest ever March 1.On Sunday, people going to solemnize the Gudi Padwa festival, the time buying gold Information Systems considered auspicious. "Every year ahead of Gudi Padwa customers make bookings & take deliveries on the festival day. "Gold has been trading around $1,320 an ounce (for) a lot this week. Volatility Information Systems extremely low & no 1 seems to be interested in buying or selling gold," told Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong. "(Prices) are low, however not low enough.
collected by :kiven Dixter
Tame Inflation, White home Drama backing Gold Prices
(Kitco News) - Tame inflation pressures & more geopolitical doubt in Washington have helped breathe some life into an uninspiring gold market, according to some analysts. Ultimately, he added which the inflation information going to evidence to have a more lasting chock than the break news from the White House. Jim Wyckoff, senior technical analyst at Kitco.com, agreed which the inflation information going to have more chock on gold prices in the long run. Avery Shenfeld, senior economist at CIBC World Markets, told which the latest inflation information don't backing aggressive interest-rate hikes this year. While some analysts guess markets to focus on inflation data, currency analysts at TD Securities told which they think currency markets can focus on the White home drama, dragging the unite states $ lower, which would be leverage for gold prices.as declared in
collected by :kiven Dixter
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