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How India could help gold rebound

Posted on 08 October 2013

Gold has been steadily declining for the past year, and the precious metal looks like it will finally end its 12-year bull run. Part of its demise stemmed from equities rallying, which caused a major increase in risk appetite and an asset class shift for many. Others stipulate that it has simply been a natural correction preceding a run higher.
Lately, however, gold has been feeling pressure from India as the emerging economy has been frustrating traders around the world. India has long been one of the biggest consumers of gold, a fact that does not sit well with a government that is trying to narrow its account deficit………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 39856 posts on Opalesque Commodities Briefing.


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