According to MarketSlant’s Frank Holmes, it’s estimated that India will have a “normal” monsoon season this summer. This is good news for gold’s Love Trade. A third of India’s gold demand comes from rural farmers, whose crop revenues depend on the rains from a healthy monsoon. When the subcontinent experiences a drought, as it did in 2014 and 2015, gold consumption suffers.
The post Monsoon Season Could Spike Demand for India Gold appeared first on Catalyst Hedged Commodity Strategy Fund Blog.