Alasdair Macleod, industry influencer, reports that Indian customs are causing delays in gold and silver imports. According to Macleod, this is leading to pent-up demand for these precious metals.
No further details were provided about the reasons behind the import delays or their potential impact on the market.
Macleod has previously argued that gold serves as money without counterparty risk as fiat currencies face global challenges, as noted in a recent report on gold’s monetary role. He also observed that China increased its physical silver purchases after a sharp market decline, according to a recent update. These reports highlight his ongoing coverage of trends in precious metals demand.
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