Tuesday, July 29, 2014

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Indian Gold Imports Soar, Gold Gains | About Forex, Gold and Business Economics classe export
Gold rose on Wednesday, but remained near the lowest level of four weeks following the fear of the possibility classe export of the Federal Reserve will raise interest rates sooner than expected. Strengthening of gold supported by a surge in imports of the precious metal from India to 65% in the last month. India is the second largest gold consumer in the world, the Reserve classe export Bank of India to allow more companies to import gold after imposing import restrictions in 2013 to reduce the current account classe export deficit.
On Tuesday, the Fed chairwomen, Janet Helen, said the central bank may raise interest rates sooner if the employment and salary growth accelerated faster than expected, although it signaled the Fed will retain its loose monetary classe export policy until employment data showed the impact of the financial crisis has disappeared entirely. The biggest concern in the market is about U.S. interest rates, which increase in interest rates would encourage investors to withdraw funds from non-interest-bearing assets such as gold. Economic data from the U.S. lately, including classe export employment data, provide classe export economic signals tough start.
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