Gold Prices To Fall Further On Indian Tax Changes: Macquarie

Gold prices suffered the largest two day drop in thirty years this month, and the entire market has been trying to find out why, and figure out where the price of the metal is going in the future. A new report, from Macquarie Equities Research, points to an interesting driver of gold prices, and asserts that the price will get worse before it gets better. India, a country of more than 1 billion people, isn’t an easy place to govern. With so many people, and a relatively weak economy until recent years, tax efficiency in the sub-continent is nowhere near…