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Indian Jeweller Strike Halts Demand, Hurts Gold Price
Mar. 29, 2012 10:57AM PST
Precious Metals InvestingBloomberg reported that a strike by jewellers in India may curb demand for gold and push prices down.
Bloomberg reported that a strike by jewellers in India may curb demand for gold and push prices down.
As quoted in the market news:
Spot gold fell as much as 0.3 percent to $1,659.52 an ounce and traded little changed at $1,661.52 by 11:26 a.m. in Singapore. The metal lost 1 percent yesterday, the biggest drop since March 14. Bullion for June delivery rose 0.2 percent to $1,663.40 an ounce on the Comex in New York.
