Gold Demand Sizzles in Asia While Prices Plummet Like Lead

Gold demand in Asia is heating up as prices drop! India’s jewelry buyers are celebrating with a $35 discount per ounce. Geopolitical tensions sent prices crashing, but a U.S.-Iran ceasefire gave gold a brief bounce. Goldman Sachs is slashing forecasts, while J.P. Morgan aims for $6,000 by 2026. Meanwhile, China’s demand is at a 16-year low, but the People’s Bank is still in the game. Get your act together, Asia!