India gold buying recoiled on Tuesday afternoon as prices extended gains for a second session to breach the $1,400 an ounce mark, though a stronger rupee kept the upside in domestic prices limited, dealers said.
Clothing market demand in Europe is forecast to grow by 2.5% per annum between 2009 and 2014. In the first half of 2010, Chinas clothing exports increased by 16.2% and US clothing imports rose by 8.4% but EU clothing imports declined by 3.9%.
Jewellers and investors flocked to the physical market on Wednesday after bullion prices slipped from an all-time high around $1,430 an ounce because of a firmer U.S. dollar, keeping premiums steady in Asia.
Deckers Outdoor Corporation, a footwear manufacturer of UGG Australia, has filed a trademark infringement against Emu for intentionally misleading consumers into believing they are buying a genuine UGG product when, in fact, they are not.
The Nigerian government said it would abolish import bans on goods including textiles and furniture, a decision that could help attract retailers to one of the world's largest untapped consumer markets.