Commodity Trade Mantra

Posts Tagged ‘Gold Rates’

India's Obsession & President Trump to Boost Gold Demand

The return of physical gold demand in India after two successive droughts is a huge cushion for international gold prices and with the ongoing wedding season and the upcoming list of festivals, the prospect of a further rise in gold demand looks bright. Appreciation in the Indian rupee has come as a blessing in disguise for buyers who were postponing gold purchases.

Is Russia Planning a Gold-Based Currency?

Repercussions of Russia on a gold-exchange standard would be immense. A gold standard would be politically appealing, transforming ruble to a formidable currency & reducing outflows significantly. As a pro-gold stance is anti-dollar, speculation about how US would react raises questions of whether an all-out currency war would follow.

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