In times of trouble for gold — and the yellow metal has slid 11 percent over the past six weeks — India has traditionally provided a safety net. The country’s consumers typically account for between a fifth and a quarter of total global gold demand in the second half of the year, with bargain-hunting buyers putting a floor under …

  The European Central Bank reckons that financial market uncertainty, as measured by how far stocks, bonds and the euro are from historical norms, is currently close to zero, in contrast with elevated uncertainty during the recessions of 2009 and 2013. The sheer range of known unknowns for 2017 — the outlook for China’s economy, the effect of populism on …

  Bloomberg Air travellers globally are bracing for higher fares after Opec decided last month to cut output. Not in India, the world’s fastest-growing major aviation market. Carriers cut fares in November, selling tickets about 12% cheaper on average for Mumbai-New Delhi flights from a year ago, according to Yatra.com, India’s No. 2 online travel agency. The steepest discounts were …