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India’s gold traders on edge as Modi fights ‘black money’

by Nikhil Choudhary, November 16, 2016

NEW DELHI/BENGALURU: Some Indian gold traders are placing bulk, short-term import orders on fears that Prime Minister Narendra Modi might soon add curbs on overseas purchases of the metal to his withdrawal of high-denomination banknotes in his fight against ‘black money’, traders and jewellers said. India is the world’s second … Continue reading

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Gold recovers after biggest weekly drop this year

Gold recovers after biggest weekly drop this year

by admin, October 12, 2016

Gold recovered on Monday from its biggest weekly drop since November after downbeat U.S. payrolls data on Friday dampened speculation of a near-term interest rate hike and as Chinese buyers returned after the Golden Week holiday. The metal slid 4.5 percent last week, touching a four-month low of $1,241.20 an … Continue reading

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