Precious Metals Update

28 August, 2018

Weak consumer demand to drag on gold prices

The latest trade data for India and China show divergent trends in imports of gold by the two largest consumers. China’s gold imports dropped on signs that the economy is slowing, while India’s imports recovered but from a very low level. Looking ahead, we expect consumer demand from both countries to decline, which is one reason why we forecast that gold prices will remain low.

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