Gold prices at record high: Will it keep rising in near future?
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5 days, 3 hours ago

Gold prices at record high: Will it keep rising in near future?

India Today  

Gold prices have surged to new highs, with MCX gold crossing Rs 89,000 per 10 grams and international prices breaching $3,000 an ounce. Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said, "Gold prices surged above Rs 88,000 on MCX, supported by Comex gold crossing $3,000. The rally is fueled by continued US tariffs on multiple countries, especially the latest focus on European goods like alcohol and cognac.” “Market participants are cautious, leading to sustained gold buying. Tariff concerns have also been a major trigger for the recent rally, said Prathamesh Mallya, DVP- Research, Non-Agri Commodities and Currencies at Angel One Ltd. "Gold has surged over 3% in the last week, driven by uncertainty over US tariffs, trade tensions, and expectations of monetary easing by the Federal Reserve.

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