TOKYO/NEW DELHI/HONG KONG -- President Donald Trump's latest tariff salvo as well as the first rate cut in the U.S. in more than a decade are conspiring to boost the price of gold futures but dampening demand for physical gold among individuals in Asia.
Commodities
Indians and Chinese hang on to their gold as futures prices rise
With futures at six-year high, world's biggest buyers of the metal lose interest
Local gold prices have even become higher as China's yuan and India's rupee weakened. In India, dealers offer a discount of $15 per ounce over official domestic price to jewelers, their primary customers, to boost demand. © Reuters
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