Prime Minister Narendra Modi is urging Indians to avoid buying gold for a year, signaling a potential slowdown in demand for the metal as the Iran conflict weighs on the economy. The piece points to geopolitical pressure and weaker consumer demand for gold in India, a major global bullion market. The likely impact is more meaningful for gold demand and related retail flows than for broad markets.
Prime Minister Narendra Modi is urging Indians to avoid buying gold for a year, signaling a potential slowdown in demand for the metal as the Iran conflict weighs on the economy. The piece points to geopolitical pressure and weaker consumer demand for gold in India, a major global bullion market. The likely impact is more meaningful for gold demand and related retail flows than for broad markets.
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mildly negative
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