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HIGH IMPACT FXStreet · May 12, 12:51 PM

Modi to India: Don’t buy Gold for a year

Indian Prime Minister Narendra Modi urged the nation’s citizens to avoid buying Gold for a year, in an effort to cut spending and save foreign exchange as the country grapples with the macroeconomic consequences of the Iran war.

XAUUSD
SIGNALPRO AI · WHAT'S LIKELY TO HAPPEN
BEARISH 85% confidence

Gold prices are likely to decline as demand diminishes due to the Prime Minister's urging. This could lead to a bearish trend in XAUUSD.

AI-generated analysis. For educational purposes only — not financial advice.

Indian Prime Minister Narendra Modi urged the nation’s citizens to avoid buying Gold for a year, in an effort to cut spending and save foreign exchange as the country grapples with the macroeconomic consequences of the Iran war.

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