Massive fiscal pressures, highlighted by a U.S. debt burden exceeding $40 trillion, have shifted global reliance away from dollar-denominated assets. Over the last three decades, developing regions such as China, India, and the Middle East have grown to account for roughly 74% of worldwide consumption. Concurrently, jewellery's share of total demand fell to 30-32% as financial demand surged past $6 trillion last year with daily trading topping $200 billion. The technology sector also represents roughly 8% of demand, with artificial intelligence adoption expected to boost future microchip usage.
Key points
Resolving the fiscal pressures and massive debt burdens driving de-dollarisation will req…: Resolving the fiscal pressures and massive debt burdens driving de-dollarisation will require seven to 10 years of sustained effort.
The World Gold Council recommends allocating 10% to 15% of financial assets to gold to pr…: The World Gold Council recommends allocating 10% to 15% of financial assets to gold to preserve liquidity and diversify risk.
Indian consumers are expected to sustain robust physical purchases ahead of Dhanteras and…: Indian consumers are expected to sustain robust physical purchases ahead of Dhanteras and Diwali despite rising post-election prices.
Sources checked by our analysis pipeline: 1
Gold’s evolving role as an investment, the drivers of its global rally, India’s demand outlook, changing consumer preferences and the metal’s future as a technology-enabled asset. Edited excerpts:
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How do you see the Democratic victory in the US midterm elections affecting gold prices in India over the next few days?
I think today the world is so interconnected that everything impacts everything. Over the last two to two-and-a-half years, much of the global conversation has revolved around US leadership, both positively and negatively. Periods of uncertainty, whether geopolitical or economic, tend to have an immediate impact on gold. We have already seen gold rise post the results.
However, we are also entering the most important week for gold consumption in India. I was hoping prices would remain stable because, at these levels, the Indian consumer is ready to buy. We foresee a very strong Diwali.
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