"...Absolutely nothing has changed with regard to the fundamentals driving the gold market. Investment demand for physical bullion remains robust internationally.
Real macroeconomic, systemic and monetary risk remains and will support gold.
There are signs that demand in India and China is picking up again after the latest correction. Bullion dealers in India report bargain hunters again buying on the dip.
Chinese citizens continue to buy gold in record volumes with October the fourth successive record month for imports via Hong Kong (see table above).
The October total was 85.7 tonnes –up very significantly on the September figure which was itself a new record. The October demand was a massive 40 times higher than imports via this route a year ago..."
at http://www.marketoracle.co.uk/Article32094.html
Real macroeconomic, systemic and monetary risk remains and will support gold.
There are signs that demand in India and China is picking up again after the latest correction. Bullion dealers in India report bargain hunters again buying on the dip.
Chinese citizens continue to buy gold in record volumes with October the fourth successive record month for imports via Hong Kong (see table above).
The October total was 85.7 tonnes –up very significantly on the September figure which was itself a new record. The October demand was a massive 40 times higher than imports via this route a year ago..."
at http://www.marketoracle.co.uk/Article32094.html
