Gold pushed to new records as India demand reignites

Gold prices hit record highs in September, reaching $2,685.58 an ounce, up 30% from the year’s start. This surge is attributed to several factors: a significant US interest rate cut, geopolitical tensions, and India’s reduction of gold import tax from 15% to 6%. The tax cut has sparked increased demand for gold jewelry, bars, and coins in India, the world’s second-largest consumer of gold jewelry. Gold’s status as a safe-haven investment during economic uncertainty has also contributed to its rising value.READ FULL