Sentiment weaker amid bankruptcy rumors. Localbuyers cautious due to firm polished prices and recent rupee depreciationagainst the dollar (-2.4% in June to $1 = INR 68.80). Fewer foreign buyers inMumbai, owing to US summer vacation. Good demand for 0.30 to 3 ct., G-J, VS-SI,RapSpec A3+ diamonds. Manufacturing steady after $575 million De Beers Junesight.
Round
Recent NewsBullish bankers and bearish institutions split on gold forecastsJuly 01, 2024 / www.canadianminingreport.com
Gold stocks down on flat metal price and mixed equitiesJuly 01, 2024 / www.canadianminingreport.com
Snowline Gold reports Initial Resource EstimateJune 24, 2024 / www.canadianminingreport.com
Inflation subsiding and rate cuts starting internationallyJune 24, 2024 / www.canadianminingreport.com
Inflation rebound continues to reverseJune 17, 2024 / www.canadianminingreport.com
|