“Gold Bulls May Face Austere Indian Festive Season”
By Sri Jegarajah of CNBC Asia Pacific
” Gold demand has remained relatively strong world-wide even though demand has sagged in the United States and Europe.”
“This is primarily because Indians and Chinese have a strong cultural bias toward gold as a storehouse of wealth. With a large emerging middle class wanting to diversify their wealth, gold is in high demand especially at these lower prices.”
Read the full piece at CNBC.
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