|
|
| |
|
|
New York gold ends week lower-The 17th China(Guangzhou)Int’l Spring Industry Exhibition
9/29/2015 Spring Industry Exhibition |
--------------------------------------------------------------------------------------------------------------- |
|
On Friday, the gold price fell 0.7% to settle at US$1145.60 an ounce on the Comex, after US Federal Reserve Janet had all but indicated an interest rate hike was coming before the end of the year.
Some commentators are not sure it will happen even now, but after months of speculation most just seem to want it done and dusted.
Away from the Fed, attention is turning to the physical market and growing optimism over the forthcoming festival seasons in India and China, the two largest consumer markets.
Demand in China has already started to pick up, with data from Hong Kong showing China imported 59.3 tons of gold net in August, or almost twice the year before and a three-month high.
In the first eight months of the year, net Chinese gold imports from Hong Kong totalled 484.6 tons marginally down on the same period last year.
According to Commerzbank, China is now moving into its peak demand period. It begins with ‘Golden Week’ in early October and continues until the New Year Festival in early February. This should keep gold imports rising in the next few months, said the broker.
彈簧展-2016第十七屆廣州國際彈簧工業展覽會-全球最大彈簧展會-巨浪展覽
-spring
- spring industry - spring industry expo-The 17th China(Guangzhou)Int’l Spring Industry Exhibition
|
|
|
|
|
