Sentiment weak amid slowpolished trading. Foreign buyers looking for bargains and pushing for deeperdiscounts on goods below 0.50 ct. Local dealers cautious, despite boost fromrupee's rise to INR 68.6/$1. Liquidity tight due to overseas purchasers delayingpayments, and businesses settling accounts before the financial year-end. Roughmarket subdued as cutters try to reduce polished inventory and avoidmanufacturing low-profit rough.
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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
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