Gold Price to Benefit from Food-Induced Inflationary Pressures

Gold price moved sideways within 1340-1350 while silver traded narrowly above 29 with a mildly upward bias. Gold and silver prices have stabilized as the drops have been contained by physical demands. Apart from China and India, gold demand was also robust in other emerging markets. Turkey's gold imports reached a record higher of 11.12 metric tons in January, compared with 0.7 metric tons in December and with 0.06 metric tons the same period last year.

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Gold Price to Benefit from Food-Induced Inflationary Pressures