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Gold gains capped as markets ignore positive data over Hormuz worries, Indian silver premiums rise despite low demand – Heraeus
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(Kitco News) – Gold prices aren’t benefiting from lower rate hike expectations because market participants are worried about the Iran conflict, while India’s new import controls are causing 10% price premiums on domestic silver even as demand languishes, according to precious metals analysts at Heraeus.In their latest update, the analysts noted that gold prices have remained trapped in a $250 range since the last Fed meeting.
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