Amid the severe volatility in global financial markets, gold continues to shine as a safe haven, setting a series of new record highs, having surpassed the $2,800 per ounce barrier for the first time in history. According to Prithviraj Kothari, as global concerns about trade tensions escalate—especially after the United States imposed tariffs on Canada, […]
All eyes on Mr. Trump
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
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Many positive drivers for gold in the coming months
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
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Rate Cut and Geo political tensions are key significant drivers for gold
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
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Is it the right time buy gold
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
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Volatility is the new normal for gold
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
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Overall Outlook for Gold remains Positive
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
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Gold starts with a bang ends with a boom
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
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Significant volatility expected in gold prices in the coming weeks
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
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A week loaded with economic data
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
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