Commodity Update: Gold Hits New High Above $2,600, Crude Oil Eases
Gold bulls are enthusiastic, with India's tax reduction adding another "boost".
According to government data released on Tuesday, India's gold imports in August reached a record-breaking $10.06 billion, which means an import volume of approximately 131 tons of gold, the sixth-highest total in history.
Gold hits new all-time high again! Did the Federal Reserve completely unleash bullish enthusiasm?
Gold may rebound further this time, is 2700 also within the bull market's scope?
Crazy buying! India's gold imports last month exceeded $10 billion, the highest ever.
①There are increasing signs that, after india lowered gold import tariffs this summer, the demand for gold jewelry and bars among indian consumers has surged, which has increasingly become a key driving force behind the repeated record highs in global gold prices...... ②Data released by the indian government this week shows that the value of india's gold imports in August reached 10.06 billion US dollars, marking the highest level in history when calculated in US dollars.
Express News | Spot gold breaks the previous high, refreshing the historical high to $2600.22 per ounce.
The recent major move by the Modi government may be an important driving force behind the recent record high gold prices!
The Financial Times of the United Kingdom reported that after India recently lowered tariffs, Indian consumers' demand for gold jewelry and gold bars surged, helping to drive global gold prices to new highs. Data released by the Indian government on Tuesday showed that in August, the country's gold imports reached the highest level on record in US dollars, reaching $10.06 billion.