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Buyers are avoiding gold in a key market

Business Insider - 7 Aug 2016 02:52
Buyers are avoiding gold in a key market Reuters/Mukesh Gupta The gold price continues to look perky this week. With a move to near $1,350 per ounce having some analysts suggesting another breakout may be at hand. And in the world’s biggest gold-consuming nation, those higher prices are still having a big effect on buying. A new report Monday showed that gold consumers in India are still staying away from the physical market. In fact, they may be avoiding purchases more than ever — with the past month showing one of the biggest dec...
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