Gold prices recently surged to a new lifetime high, driven by uncertainty surrounding US presidential elections and declining job numbers, despite reports of weak demand from China. The metal has been on a bullish trend, supported by escalating geopolitical tensions, US Federal Reserve rate cuts, a weak global growth outlook, and strong demand from central banks. In India, gold prices have doubled over the past five years, with a notable increase of over 24 percent this year.
from Economic Times https://ift.tt/uOSixTI
from Economic Times https://ift.tt/uOSixTI
Gold at new lifetime highs: Is it safe to invest now?
Reviewed by News Today
on
October 27, 2024
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