Gold price has been falling for the third straight day, as global
governments‘ measures of reopening economy and the stock market’s rally
reduced part of the markets risk-aversion demands.To get more news about
wikifx, you can visit wikifx news official website.
Investors are closely following the stimulus measures governments and central banks will implement to revive economy.
In addition, statistics also show that China and India‘s gold imports
have declined starkly, as lockdown measures and spiking gold prices
dampen consumers’ demand of the precious metal. According to data from
General Administration of Customs People‘s Republic of China (GACC),
China’s Gold imports dropped over 80% in March and over 60% in the first
quarter this year.
China imported only 17.5 tonnes of gold in March, the lowest level
recorded by GACC since January, 2018. Similarly, Indias gold imports are
also near historical low.if you want know more,
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