Data on Friday showed inflation's tightening stranglehold on the German economy, with a surge in import prices and drop in industrial output and retail sales adding to signs that Europe's biggest economy is heading for recession. Physical gold prices flipped to a discount in India last week as elevated local rates amid a dive in the rupee dampened festive demand, with higher prices playing spoilsport across other Asian hubs as well.from Commodities-Markets-Economic Times
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