Gold has a longstanding reputation as a safe-haven asset, especially appealing when economies face instability. According to Prithviraj Kothari, recent events have added a new layer of intrigue, including central banks reducing interest rates, countries moving away from the U.S. dollar, and the BRICS bloc introducing a new currency concept. The anticipation has pushed gold’s […]
All eyes on Mr. Trump Read More »
As per the Prithviraj Kothari, the current upward dynamic is an exceptional development, with gold prices reaching new highs daily. Record levels which recently still seemed unattainable are scaled, one after anotherGold has powered higher this year, climbing 34% year to date and recently refreshing all-time highs of US$2,758. The precious metal is on track
Many positive drivers for gold in the coming months Read More »
As per the Prithviraj Kothari, the precious metals market witnessed a historic moment on September 26, 2024, as gold futures surpassed the $2700 per ounce mark for the first time. Right from the month of August, until October, gold rallied and in just two months it reached from $2400 to over $2700- a significant jump
Rate Cut and Geo political tensions are key significant drivers for gold Read More »
Gold has always been an investors favourite for as long as we can think. For thousands of years, gold was the global medium of exchange and, until 1971, it was the standard upon which the US dollar valued itself until it was finally discarded. A few years back it did get hit by the increasing
Is it the right time buy gold Read More »
Volatility has become the new normal for gold, as a $50 +/- range in a single trading day has become a frequent trend. So, for this week’s article, I will not give an insight into the latest price movements. I would rather see how and why gold has become an investors favourite along with the
Volatility is the new normal for gold Read More »
Gold prices edged higher on Tuesday as investors awaited the Federal Reserve’s commentary on its monetary policy and a deluge of U.S. economic data due later in the week for more clues on the pace and scale of the Fed’s interest rate cuts. As per Gold Update by Prithviraj Kothari, Gold prices were modestly higher
Overall Outlook for Gold remains Positive Read More »
The gold market has been so volatile lately, that while time of writing and by the time I finish it, boom – the markets go crazy. So, in order to let the volatility stabilise, I calmed down and waited for gold to calm down too. The precious metals started last week with a bang and
Gold starts with a bang ends with a boom Read More »
Gold was up $51 to $2422- just a few dollars short of reaching its life time high of 2450.134$ that it attained in May 2024. Not this week, but it seems the platform to attain its peak has already been laid and the yellow metal is soon expected to cross that mark in the coming
Significant volatility expected in gold prices in the coming weeks Read More »
Gold prices soared to record highs, with spot gold reaching a new peak of $2,4450.00 per ounce on Monday last week. Silver also hit its highest levels in several years earlier last week. However, Gold prices steadied in Asian trade on Friday, with traders remaining wary of the yellow metal before key U.S. inflation data
A week loaded with economic data Read More »
After an impactful week that featured the FOMC rate announcement and April’s nonfarm payrolls report, analysts are looking at the dollar and technical indicators to gauge the likely direction of gold prices on Monday. As per Gold Update by Prithviraj Kothari, spot gold initially pulled back below $2,300 per ounce early during Monday’s trading session
Key Drivers Awaiting to influence Gold Read More »