Branch² Intelligence
Gold, silver prices ease as softer US inflation tempers safe-haven demand
Key takeaway
US inflation data softer than expected reduces safe-haven demand for gold and silver.
- Step 1US CPI data softer than expected, reducing safe-haven demand for gold and silver.
- Step 2Lower gold/silver prices reduce input costs for Indian jewellery manufacturers and improve consumer affordability.
- Step 3Indian jewellery SMEs see improved margins and potential demand uptick, but face inventory write-downs on existing stock.
Source: CNBC TV18 (Markets)
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