Tag Archives: asia

ANZ Predicts Gold Will Hit $2,400/ounce

The Australia & New Zealand Bank (ANZ) issued a report this week predicting that gold demand in Asia will double in the next 15 years and with it, so will the price of gold.  The report was authored by two … Continue reading

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India Cuts Gold Import Tariff by 2.5%, Silver 4%

The government of India announced over the weekend that they would finally reduce long-held tariffs on gold and silver imports. As of November 1, the new rates are $391 per 10 grams of gold and $551 per kilogram of silver. … Continue reading

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Russia Has Increased Its Gold Reserves For Six Consecutive Months

Data released yesterday by the International Monetary Fund shows that Russia has continued to frantically increase its gold reserves, adding 1.2 million ounces for the month of September. This marks the sixth-consecutive month the country has increased holdings of the precious … Continue reading

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India’s Finance Ministry Seeks to Increase Gold Import Restrictions

As we reported last week, India’s gold imports for the month of September were FIVE TIMES what they were for 2013, causing a massive spike in the trade deficit for the country.  This dramatic increase in gold demand has led … Continue reading

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India’s Gold Imports Increased by 176% Last Month

Bloomberg reported today that India’s gold imports spiked by 176% for the month of August over the same period last year. The latest numbers are a bit of a surprise to some analysts who believed that official numbers would be … Continue reading

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