Gold demand seen resilient as Indians ‘learn to live with virus’

Bloomberg/Swansy Alfonso/1-19-2022

Photo image of antique, historic India gold rupee“‘There was lot of uncertainty,’ when infections started spiking, but cases are now coming down, P.R. Somasundaram, regional chief executive officer for India at the [World Gold Council], said in an interview with Bloomberg TV. ‘I don’t think the third wave has affected demand. As a country, I think we have moved on to live with the virus.'”

USAGOLD note: The World Gold Council estimated that sales in the fourth quarter of 2021 would be the best in a decade as India attempts to return to normalcy.

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