Besides Asian DEMAND, which you believe is key, I would chime in with MidEast DEMAND.
Higher Oil revenue have made the MidEast a nice DEMAND center for the past several quarters.
Hong Kong demand was very disappointing last quarter reported by GFMS. But India is always the key, taking 20% of gold offtake each year. Monsoon season will bear watching again this year and is my key indicator for Indian Demand...
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