Gold prices in India have been on a steady uptrend for months, recently touching record highs driven by the US-China trade tensions, a weakening US dollar and rising investor appetite for safe-haven assets.
Wider region increasingly seen as arena in which major powers’ interests, such as in sourcing critical minerals, collide and converge.
At present the US faces the dual challenge of having alienated China, the primary global supplier of rare earths, while Washington has also seen its relations with potential alternative partners strained.
Gold prices in Vietnam surged to historic highs on April 10, mirroring gains in global markets as investors flocked to the precious metal amid escalating US-China trade tensions and shifting tariff policies.
Gold prices in Pakistan have reached a new all-time high following a $15 increase in the international bullion market, which pushed the price to $2,778 per ounce