Liquidity squeeze hits India’s gold demand, but outlook strong on rising income, says WGC

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India’s gold consumption is unlikely to return to normal levels until 2018 due to a liquidity squeeze, but the long-term outlook is good due to rising incomes that plays a more important role in the demand for the yellow metal than prices, the World Gold Council (WGC) said in a report. Gold demand in the […]

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Global gold production seen flat this year – report

Despite a major recovery in the precious metal prices, which are up almost 20 percent since January, global gold mine output will remain depressed this year, said a new report by BMI Research. Analysts forecast global gold production to increase slightly, from 98.4 million ounces (moz) in 2016 to 106 moz by 2020, averaging 1.8 percent growth, […]

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If You Want to Learn About Gold, Speak to an Indian Sugar Farmer – Bloomberg

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Demand is so weak among the rural Indians making up almost 60 percent of domestic gold consumption that dealers who stocked up before Diwali are offering some of the biggest discounts in decades. That can only worsen the environment for international prices already headed for the 21st century’s longest run of annual declines, according to Bloomberg admin

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