Gold holds near 1-week low as Powell sticks to hawkish narrative
(Reuters) – Gold steadied on Wednesday after shedding nearly 2% in the previous session on an elevated dollar, with demand for the non-yielding asset blunted by Federal Reserve Chair Jerome Powell signalling more rate hikes.FILE PHOTO: An employee casts ingots of 99.99 percent pure gold during production at Krastsvetmet precious metals plant in the Siberian […]
Asia Gold-China demand buoyant, India ramps up purchases
By Rajendra Jadhav, Seher Dareen* Gold imports flowing into China over past few weeks- MKS PAMP* Indian banks importing more gold since market at premium-dealer* Domestic prices in Japan hovering near historic highs- traderMarch 3 (Reuters) – Physical gold prices traded at a premium in India this week, as a drop in domestic rates encouraging […]