Weak Diwali Gold Purchases May Spell Trouble for Gold

The Diwali holiday traditions in India are often marked by healthy gold purchases and increased use of the precious metal. The demand that India typically holds this time of year often offers a boost for gold prices , as citizens and jewelers across the country scoop up the commodity left and right. This year’s Diwali season, however, painted a much different picture as purchases and interest in the metal were quite muted [for more gold news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: What To Do With Losing Gold Positions India Could Help Gold Rebound Jim Rogers: Why Gold Broke Its Bull Run Schiff: History Suggests Gold Will Skyrocket Again Fed Tapering Puts Precious Metals In A Pickle