| Indian jewelers have called off their 43-day strike, which began as a reaction to a 1% excise duty on gold jewelry. For nearly six weeks, the global gold market was missing its largest buyer. Gold purchases across India were paralyzed by a strike from national jewelers’ associations.
The Indian physical markets stayed away from the dramatic rise in gold, which has gained 17% on a YTD (year-to-date) basis. The rise in gold is also reflected in mining-based funds. The Market Vectors Junior Gold Miners ETF (GDXJ) has risen 71% YTD. Mining returns are often more amplified than metal returns...............................................Full Article: Source
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