• China & India's Gold vs. Silver Imports Diverge as Analysts Warn on QE Taper

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    China & India's Gold vs. Silver Imports Diverge as Analysts Warn on QE Taper
    "Rising US Treasury yields," agrees a note from bullion market-maker HSBC, "are historically negative for gold and the potential for further weakness to US Treasuries may weigh, in our view. "However, sideways trading is likely to persist for the gold …
    Read more on The Market Oracle

    Bullion's speculative trade near its end: World Gold Council
    Investors in gold ETFs have sold around 650 metric tons of bullion gold so far this year, driven by improving prospects for U.S. economy and expectations for a tighter monetary policy in the country. This is equivalent to the amount that rushed into …
    Read more on CNBC.com

    Gold Smuggling to Climb in India on Tax Increase, Festivals
    “Smuggling of gold will increase and the organized industry will be in disarray,” said Soni, whose federation represents about 300,000 jewelers and bullion dealers. “Goods will be kept unofficially and the situation will be uncontrollable. Jewelry …
    Read more on Bloomberg

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