Dollar not the only driver of Gold: WGC
World Gold Council agrees that a strong US dollar may put pressure on gold, WGC analysis suggests that their relationship is asymmetric: gold prices rise more on a weak dollar than they fall on a strong dollar. Further, history shows that the portfolio benefits of gold outweigh the headwinds created by a strong dollar.
China eases Gold import norms; premiums may come down
At present only 15 banks are allowed to import Gold. Chinese consumers had to pay high premiums to ensure fast delivery of the yellow metal. The new move is likely to bring down premium on Gold. More competition can be expected which may lead to the dip in premiums.
Gold will be caught between divestment, demand: Barclays
After testing December lows last week, gold prices recovered some lost ground to trade at two-week highs following the release of the March FOMC minutes. The more-dovish-thanexpected stance buoyed gold, but market positioning suggests there is still scope for downward pressure.