Precious Metals

Reuters reported that the Royal Bank of India is considering the possibility of limiting gold import by banks in an attempt to curb a rising account deficit.

Reuters reported that the Royal Bank of India is considering the possibility of limiting gold import by banks in an attempt to curb a rising account deficit.

As quoted in the market report:

But a record high current account deficit of 5.4 percent of GDP in the September quarter has raised concern at the central bank, prompting it to link further monetary policy easing to a lower current account deficit (CAD).

To view the whole Reuters report, click here.

Featured

MARKETS

Markets
TSX20286.20+88.59
TSXV700.66-1.43
DOW31928.62+48.38
S&P 5003941.48-32.27
NASD11264.45-270.83
ASX7148.90+3.30

COMMODITIES

Commodities
Gold1866.73-0.56
Silver22.10-0.02
Copper4.30-0.01
Palladium2009.00+12.00
Platinum957.50+1.50
Oil110.39+0.62
Heating Oil3.66+0.01
Natural Gas8.88+0.08

DOWNLOAD FREE REPORTS

×