(Bloomberg) -- Gold traded little changed in Asia
amid speculation of reduced investor demand from India, the
world's largest buyer. Silver gained.
Imports of bullion by India, which uses more gold than the
U.S. and China combined, traditionally peak in May as the local
wedding season drives demand. The onset of the monsoon season
traditionally weakens demand, Darren Heathcote, head of trading
at Investec Bank (Australia) Ltd., said today by phone.
Read more at Bloomberg Commodities News
amid speculation of reduced investor demand from India, the
world's largest buyer. Silver gained.
Imports of bullion by India, which uses more gold than the
U.S. and China combined, traditionally peak in May as the local
wedding season drives demand. The onset of the monsoon season
traditionally weakens demand, Darren Heathcote, head of trading
at Investec Bank (Australia) Ltd., said today by phone.
Read more at Bloomberg Commodities News
No comments:
Post a Comment