{"id":5196,"date":"2020-07-15T17:44:27","date_gmt":"2020-07-15T12:14:27","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=5196"},"modified":"2021-04-01T13:15:31","modified_gmt":"2021-04-01T07:45:31","slug":"world-gold-council-expects-indias-h2-consumer-demand-to-remain-soft-2","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/world-gold-council-expects-indias-h2-consumer-demand-to-remain-soft-2\/","title":{"rendered":"World Gold Council Expects India\u2019s H2 Consumer Demand To Remain Soft"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Investors have embraced gold in 2020 as a key portfolio hedging strategy, said the World Gold Council (WGC) in its latest report titled, <em>Gold mid-year outlook 2020: Recovery paths and impact on performance<\/em>. In its gold market outlook released on 14th July, WGC examines how the combination of high risk, low opportunity cost and positive price momentum looks set to support gold investment and offset weakness in consumption from an economic contraction.<\/h3>\n\n\n\n<p>The WGC said that gold had a remarkable performance in the first half of 2020, increasing by 16.8% in US-dollar terms and significantly outperforming all other major asset classes. By the end of June, the LBMA Gold Price PM was trading close to US$1,770\/oz, a level not seen since 2012, and gold prices were reaching record or near-record highs in all other major currencies.<\/p>\n\n\n\n<p>The WGC informed that the Indian economy slowed to an 11-year low of 3.1% in Q1 2020. In order to stimulate the economy amid the Covid-19 outbreak, the Reserve Bank of India (RBI) cut interest rates by a cumulative 115bps in H1 2020 and the Central Government, along with RBI, provided an economic package of Rs.20.97 trillion (US$278 billion).<\/p>\n\n\n\n<p>WGC said it expects consumer demand in India in the second half of 2020 to remain soft due to reduced economic activity, concerns about increasing unemployment, and income erosion. However, additional economic packages from the government and a forecasted positive monsoon season could help soften the negative impact of an economic deceleration. \u201cAdditionally, we expect investors to turn to gold as a means of hedging as we have seen in the first half of this year,\u201d it added.<\/p>\n\n\n\n<p>Caption: Gold bars stored in vaulted secure storage.<\/p>\n\n\n\n<p>Credit: \u00a9 World Gold Council<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors have embraced gold in 2020 as a key portfolio hedging strategy, said the World Gold Council (WGC) in its latest report titled, Gold mid-year outlook 2020: Recovery paths and impact on performance. In its gold market outlook released on 14th July, WGC examines how the combination of high risk, low opportunity cost and positive&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5197,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83,80,100],"tags":[],"thb-sponsors":[],"class_list":["post-5196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin","category-gold","category-in-focus"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>World Gold Council Expects India\u2019s H2 Consumer Demand To Remain Soft - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/world-gold-council-expects-indias-h2-consumer-demand-to-remain-soft-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Gold Council Expects India\u2019s H2 Consumer Demand To Remain Soft - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Investors have embraced gold in 2020 as a key portfolio hedging strategy, said the World Gold Council (WGC) in its latest report titled, Gold mid-year outlook 2020: Recovery paths and impact on performance. In its gold market outlook released on 14th July, WGC examines how the combination of high risk, low opportunity cost and positive&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/world-gold-council-expects-indias-h2-consumer-demand-to-remain-soft-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-15T12:14:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-01T07:45:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/03\/1810787156_gold.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"325\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/world-gold-council-expects-indias-h2-consumer-demand-to-remain-soft-2\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/03\/1810787156_gold.jpg\",\"width\":500,\"height\":325},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/world-gold-council-expects-indias-h2-consumer-demand-to-remain-soft-2\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/world-gold-council-expects-indias-h2-consumer-demand-to-remain-soft-2\/\",\"name\":\"World Gold Council Expects India\\u2019s H2 Consumer Demand To Remain Soft - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/world-gold-council-expects-indias-h2-consumer-demand-to-remain-soft-2\/#primaryimage\"},\"datePublished\":\"2020-07-15T12:14:27+00:00\",\"dateModified\":\"2021-04-01T07:45:31+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/world-gold-council-expects-indias-h2-consumer-demand-to-remain-soft-2\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/5196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=5196"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/5196\/revisions"}],"predecessor-version":[{"id":5198,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/5196\/revisions\/5198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/5197"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=5196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=5196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=5196"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=5196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}