Commerce department reduces gold import value by $5 billion for November - PRESS AI WORLD
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Commerce department reduces gold import value by $5 billion for November

share-iconThursday, January 09 comment-icon3 weeks ago 7 views
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indiatimesINDIATIMES
Commerce department reduces gold import value by $5 billion for November

Credited from: INDIATIMES

  • The **commerce department** has revised the value of gold imports downward by **over $5 billion**, now totaling **$9.8 billion** for November.
  • This revision also lowers the **April-November** import value from **$49 billion** to **$37.4 billion**.
  • Total imports for this eight-month period are now estimated at **$472.5 billion**, down from **$486.7 billion** previously forecasted.
  • Despite remaining high, November's **gold imports** are now considered the **fourth highest** recorded, rather than a new record.
  • The **trade deficit** has been adjusted to around **$31.7 billion**, significantly lower than the earlier estimate of **$37.9 billion**.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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