Gold’s rally linked to $4 tn US debt trouble: WGC
World Gold Council India CEO Sachin Jain said golds rally is driven by rising US debt, de-dollarisation and central bank purchases, rather than geopolitics alone. He expects strong…
Attributed summary
World Gold Council India CEO Sachin Jain said golds rally is driven by rising US debt, de-dollarisation and central bank purchases, rather than geopolitics alone. He expects strong Indian demand during Diwali and recommends allocating 10-15% of financial assets to gold. Over the next five years, technology, tokenisation and blockchain could make gold more accessible, transparent and easier to trade.
Read the original report — Economic Times
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