Gold prices soar on rate optimism and sovereign buying, India’s import controls sap silver demand – Heraeus

(Kitco News) – Gold prices are benefiting from renewed momentum on lower rate hike expectations and strong central bank demand, while India’s new import controls drive domestic demand even lower, according to precious metals analysts at Heraeus.In their latest update, the analysts noted that gold prices posted their best week since January on hopes for a deal to reopen Hormuz.