Pushing households to part with gold won’t bring back their lost jobs and income streams
By Andy Mukherjee Even if it proves to be a blip, this week’s volatility in gold may have its uses. For one thing, Tuesday’s steepest single-day price decline in seven years should make bankers in India wary of storing up future trouble by writing risky subprime loans against the country’s most-loved commodity. Gold has a … Read more