- India's gold imports this year are likely to be 700 metric tons, about 46% more than last year
- Standard Bank said China’s demand for gold is likely to total 600 tons this year up from less than 500 tons last year, with around 250 tons having to be imported.
- Price increases are decelerating at the greatest pace in nearly 30 years, a paper from the Federal Reserve Bank of San Francisco said.
- Bernanke said the central bank may boost purchases of U.S. debt.
- (FT)The euro falls after Germany casts doubt on the future of eurozone stability by rejecting calls to increase the size of EU bail-out fund and issue a single euro bond.
- Moody’s cut Hungary’s credit rating to just above junk.
- The prospect of additional US stimulus boosts demand for precious metals.
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