Gold prices new barometer of global uncertainty: RBI Governor
RBI Governor Sanjay Malhotra said gold prices could now be acting as a new barometer of global uncertainty, like crude oil did in the past. "Despite geopolitical tensions that would've sent oil prices soaring in an earlier decade, they've been very range-bound," he said. "This could be due to a decline in oil intensity in GDP...across the world," he added.