Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Indians, the world’s biggest buyers of bullion, took gold’s latest tumble as another incentive to buy on one of the country’s most auspicious festivals which fell on Friday.
“They started calling in from yesterday evening to lock on this buying opportunity. Even as I am speaking to you my three phones are ringing,” said Harshad Ajemra, owner of JJ Gold House in Kolkata on the east coast.
