Gold shipments from Switzerland to India and China rose last month, indicating renewed buying by the top consumers after a year on the sidelines.
European Central Bank President Christine Lagarde said Thursday that the institution isn’t discussing the phasing out of its emergency bond buying even as it sees signs that the economy is starting to shake off the pandemic.
Gold prices have been supported by the recent demand from India and China, the weaker U.S.
Prices dropped 0.6% on Thursday after rising to $1,797.93, the highest level since Feb.