Gold Continues to Fall as Risk-aversion Sentiments Decline

Gold Continues to Fall as Risk-aversion Sentiments Decline

Gold price has been falling for the third straight day, as global governments measures of reopening economy and the stock markets 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 Indias 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 Peoples Republic of China (GACC), Chinas 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.

Gold price has been falling for the third straight day, as global governments measures of reopening economy and the stock markets rally reduced part of the markets risk-aversion demands.
  Investors are closely following the stimulus measures governments and central banks will implement to revive economy.
  In addition, statistics also show that China and Indias 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 Peoples Republic of China (GACC), Chinas 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.

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