Earlier this week, India, the world’s second-largest gold market, raised import duties on gold and silver. This comes only days after Prime Minister Modi asked Indians to stop buying gold for a year, in an effort to protect the rupee and conserve foreign exchange. First, the government asked citizens not to buy gold, as Jan […]
Today’s precious metals markets are once again having a frustrating time of it. Spot gold is weaker and silver is sharply lower despite an impressive performance yesterday. Meanwhile, the U.S. dollar is firmer, Treasury yields are higher and oil has jumped again as the U.S.-Iran conflict continues to dominate the macro picture. Interestingly, US April […]
It is a simple enough question, but the answer is often hard to come by. A pension provider here, a wealth manager there, perhaps a reassuring nod to government policy somewhere in the background. It is not uncommon for people to bury their heads in the sand and assume ‘someone else’ knows enough about markets […]