Gold has jumped 20 per cent over the last 12 months. So, let’s explore why this precious metal is radiating.
Gold shines bright in times of global uncertainty. So, with geopolitical tensions rising, some major emerging markets have been stockpiling more gold, driving its price up.
Since experts expect the US Fed to cut rates this year, investors have started buying gold. FYI, gold prices go up when interest rates are lower, and vice versa.
That’s right! For example, even as gold returned absolute returns of around 70% in dollar terms over the last five years, it delivered a return of around 105% in rupee terms.
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