India's gold demand may cross China's: World Gold Council's John Reade

In a Q&A, the council's Global Chief Market-Strategist said the price of gold will face headwinds in the near future

John Reade, Chief Market Strategist, World Gold Council
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John Reade, Chief Market Strategist, World Gold Council

Rajesh Bhayani Mumbai
John Reade, Global Chief Market-Strategist at the World Gold Council was in India last week. In an exclusive interview with Rajesh Bhayani he said the price of gold will face headwinds in the near future. Edited excerpts:

Gold prices are very high despite burgeoning inflation. What is your reading of the situation?

A strong dollar and rising interest rates are driving gold prices to where they are now. When the price of gold was higher in 2020, a higher inflation rate was anticipated, which happened with a little lag. As the US Federal Reserve has been raising (interest) rates, the

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First Published: Sep 25 2022 | 10:49 PM IST

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