Why gold stagnates

“A number of things are now adding up to make investors more positive about gold,” reckons the World Gold Council’s (WGC) Marcus Grubb.

In India, the world’s second-biggest importer of gold, restrictions on gold imports look set to be relaxed by the new government. The tariffs and quotas brought in last year have backfired: they have created a boom in illegal gold smuggling and had scant impact on the budget deficit.

Global demand for jewellery climbed marginally in the first quarter, boosted by a 30% year-on-year increase in China, the top producer, consumer and importer of the [...]

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