Gold tumbled yesterday after concerns were raised over the sustainability of demand out of China and India
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out of China and India (the world’s largest consumers of gold). The Shanghai Gold
Exchange and Shanghai Futures Exchange both restricted trading on gold spot and
futures contracts in a bid to curb illegal activity in commodities. The Bombay Bullion
Association forecasts a fall in gold imports for December (as much as 50% m/m)
because of the weaker rupee.
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