Indian Gold Demand Surges In May

gold chart
Written by Mike Hammer

Indian gold markets are having a wild ride.  Reports over the weekend indicate that demand for gold surged in India during May.  The market went into a buying frenzy which prompted a surge in imports of scrap gold.  And then, as markets tend to do, it apparently overshot to the point where gold is now trading at a slight discount to start this week.

While the history makes for a fun adventure, you can get a great overview and a brief look at the factors driving the Indian consumer market in today’s featured article.  (Hint: It’s not the official Indian wedding season.)

Continue reading at Reuters.com

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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