Citing a government source on Thursday, Reuters reported that record-high gold prices and coronavirus pandemic-imposed closure of international air travel led to an 86% plunge in India’s yellow metal imports in June. Further details The world’s second-biggest consumer of the precious metal imported around 11 tonnes of gold in June, down from 77.73 tonnes a year ago. In value terms, June imports dropped to $608.76 million from $2.7 billion a year ago. Market reaction Gold prices are consolidating Wednesday’s massive sell-off around $1767, losing 0.15% on the day. Attention now turns towards US NFP data for the next direction. Gold Price Analysis: US NFP to be a key decider as quest for $1800 continues – Confluence Detector FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Price Analysis: Levels to watch on Non-Farm Payrolls Thursday – Confluence Detector FX Street 3 years Citing a government source on Thursday, Reuters reported that record-high gold prices and coronavirus pandemic-imposed closure of international air travel led to an 86% plunge in India’s yellow metal imports in June. Further details The world’s second-biggest consumer of the precious metal imported around 11 tonnes of gold in June, down from 77.73 tonnes a year ago. In value terms, June imports dropped to $608.76 million from $2.7 billion a year ago. Market reaction Gold prices are consolidating Wednesday’s massive sell-off around $1767, losing 0.15% on the day. Attention now turns towards US NFP data for the next direction. Gold… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
