Tuesday, June 30, 2015

India monsoon season could help Gold prices

The Indian monsoons have started, dropping enormous sums of rain, which should make farmers happy. For the gold market this is great news for farmers are the bulwark of the gold market in India which remains either the first or second most important buyer of gold at any one time, vying with China for that honor. Happy Indian farmers are historically buyers of gold. They have been so for ages; they will be so again.