Gold has a track record of increasing in value in times of market stress. Owning gold is also rooted in Indian and Chinese cultures, 2 of the world’s largest markets for the metal, where jewellery & bars are passed down through generations.
The retreat in prices this week, while huge for such a steady asset, has still only brought gold back to where it was little more than a week ago. The metal is still up this month, and has gained about 55% this year.
In tactical terms, the shirtless protest was worse than a self-goal. Suddenly, the fiascos of the AI Summit were forgotten, and the Youth Congress’s disruption became the issue.
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.
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