Indian gold demand lags on price surge; other Asian countries bet on Lunar New Year


Gold demand in India turned weak last week as local prices jumped to their highest level in two and a half years. Traders in major buying centres in Asia have now pinned hopes on purchases ahead of the approaching Lunar New Year, Reuters reports. Local gold prices in India, world’s second-largest gold consumer, touched their […]

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Daily Masala

Here is what others are saying this morning: U.S. crude oil prices drop over 2 percent as market loses faith in rebound U.S. crude oil prices were down more than 2 percent in early trading as traders increasingly lose faith in a significant market recovery soon and bet on even lower prices. Asia shares fall […]

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