At the same time, the demand for copper is falling. Copper prices
are a good indicator of real investment demand in the global economy .
Back to the yellow metal, gold held in exchange-traded funds (gold ETFs are funds backed by physical gold) reached its highest since 2013 in July 2019, at 2,733 tonnes, showing preference for safe assets.
In India, gold prices
have touched an all-time high, with a small correction happening last week .
Import of gold has come down . Several reports say that August imports would be at their 3-year lows. Moderation in prices is crucial for the gems and jewellery business ahead of the festive season. Higher prices could affect yet another sector and worsen the employment situation.
guides you through the numbers you need to know to make sense of the headlines