Market Talk – May 2, 2025
ASIA: The major Asian stock markets had a green day today: • NIKKEI 225 increased 378.39 points or 1.04% to 36,830.69 • Shanghai closed • Hang Seng increased 385.27 points [...]
India Fails to Lower Tax on Gold
India surprised everyone. They did not remove the tax on gold and in fact increased it. India is the number-one consumer of gold jewelry. Sales have declined recently because many expected the tax to be lifted. A near 10% tax on gold has been rather high. Nevertheless, the government sees this as a capital outflow.
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