An Important Update on India’s Gold Market

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Written by Mike Hammer

The US-China trade war and Brexit have hijacked most economic headlines, but what about the Indian gold market? It’s good to check the pulse of this forgotten retail market periodically, as prices in India tend to set the pace when short-term factors fade away.

Right now, this Gold Enthusiast thinks the Indian gold market isn’t looking so good – more high prices and low agricultural yields are threatening to put a damper on gold sales in the upcoming marriage season. But we’ve seen it turn around before. Hopefully, the most recent economic reforms help lift the Indian economy; today’s featured article is a comprehensive look at the situation and what India’s leaders are trying to do about it.

Continue reading at Nikkei.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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