China commodity imports are dropping
China’s imports of commodities decreased in August as the buying spree in copper and oil significantly reduced, and high prices for iron ore witnessed about 11% loss from July’s high.
China’s imports of commodities decreased in August as the buying spree in copper and oil significantly reduced, and high prices for iron ore witnessed about 11% loss from July’s high.
On Monday, gold increases after dipping on a strong dollar. Spot Gold rose 0.20% at $1,937, while COMEX Gold Future was trading more than 0.55% at $1,944 per troy ounce.
Bullion prices are inclined to continue the weak trend in the rest of the week. Positive U.S. manufacturing data boosted the market’s optimism regarding global economic rebound and curbed demand
Gold price in Indian commodity markets boosted for the second session on Monday. Prices of gold and silver gained more than 1.50% in the international market, promoted by a weaker
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