Apparently, an avalanche of very disappointing global economic data overnight has not provided economic uncertainty flight to quality buying of gold early on and perhaps more importantly has not sparked long interest in the US dollar.
Perhaps the gold and silver trade is seeing growing #recession fear and expectations of further slowing of physical demand.
Yesterday's bearishness is also accentuated by World Gold Council predictions of softening Indian gold demand in both the June and September quarters...[MORE]
Please subscribe to receive the full report via email by clicking here.
