Trade war frictions and easier monetary policy across economies pushed gold this year. Geopolitical and economic risks are likely to factor in 2020 too.
Gold consumption is forecast to drop to the lower end of a 700 to 750 ton range this year, the lowest since 2016, as a surge in prices coupled with a weak economy keeps buyers away.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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