An economist at IDFC First Bank told The Times of India that it's clear the Indian central bank has been diversifying its reserve holdings away from U.S. Treasuries.
Silver has followed gold higher over the last several days. The yellow metal surged to a record, breaking through the $3,500 level and pushing above $3,570.
Maharrey concluded by emphasizing that fiat currencies are designed to lose value over time. Even the Fed’s two percent inflation target represents purposeful devaluation.
In the meantime, this really leaves businesses with no idea as to how to operate or what will happen with their expenses or whether to pass along the cost of tariffs to consumers...
Gold-backed ETFs in Indian pension funds face a 5% cap. A proposed rule would remove this limit, fueling India’s already surging gold investment market.
