Gold and Silver Climbed Higher although India Keeps Import Duty

In the commodity market, crude oil and, gold and silver move in divergent direction in European session. The former remained under pressure amidst expectations of abundant supply which would not be fully absorbed by demand. Gold and silver prices firmed as the Fed refrained from signaling the timing of rate hike. The metals continued to climb higher although India surprised the market by keeping the gold import duty at 10% its fiscal budget.

Read the original post: 
Gold and Silver Climbed Higher although India Keeps Import Duty