LONDON, 5 November 2013 – Asian wholesalers "look to be backing away" from buying gold "at current prices" financial news-site MarketWatch says today, quoting Adrian Ash, head of research at BullionVault.
"India is still effectively closed to new imports," Adrian explains, pointing to the sub-continent's record-high gold import duties. "Vietnamese prices are retreating fast. Stockpiling for Chinese New Year, if it's needed after 2013's record imports, won't get started until later this month."
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MarketWatch
