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Gold Silver Reports ~ India’s state-owned banks likely sold dollars on behalf of the Reserve Bank of India to prevent the local currency from weakening further, three FX traders told Reuters on Monday.
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Gold Silver Reports ~ Gold edged higher on Wednesday as a further fall in equities and oil burnished bullion’s safe-haven draw, although the metal was restricted to narrow ranges.
Gold Silver Reports ~ Gold slip mildly on Tuesday in spite of a slightly lower dollar as annual GDP in China grew at its slowest pace in a quarter century last year, dampening demand enthusiasm for the precious metal in the world’s second-largest economy.
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Gold Silver Reports ~ Shares in Europe and Asia rose and the dollar gained after data showing China’s economy grew last year at its slowest pace in a quarter of a century prompted investors to anticipate more efforts to spur growth.
Gold Silver Reports ~ Gold edged lower on Tuesday as the dollar and equity markets rose after data showing China’s weakest economic growth in years fanned stimulus hopes and spurred investors towards riskier assets.