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HSBC: Asian Physical Demand
for Gold Remains Strong

While massive ETF sellings brought gold down in April and then again in May, the Asian nations show more interest towards the shiny metal. Especially physical gold buying is up.

According to HSBC, physical demand in key Asian nations is strong. Physical buying has managed to push the spot price above 1,400 $ again, with most of the purchases originating in China and India.

HSBC expects physical gold buying to intensify, if gold falls below 1,400 $.

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