Gold is trading at record high prices around $2200 (~Rs 66000) on strong demand from China, as Chinese investors are hedging against potential economic instability amid the commercial real estate crisis in their country. Moreover, lower growth concerns in other economies around the world is also ing the prices. There are several other reasons why gold prices have increased in the United States. Some investors are trying to hedge against the possibility of higher-than-expected inflation, realign their portfolios after the stock market boom, and protect themselves from geopolitical instability. Concerns about wars between Russia and Ukraine and Israel and Hamas, as well as the presidential election in November, are among the concerns that investors have. As gold prices have run up too fast in the last week, we could see a bit of correction and retracement up to $2155 (~Rs 65000) and $2125 (~Rs 64400).
Related Articles 2k5c2s
Business
Gold Investment in India: 5 Different ways to invest in Gold 31254
Gold, the yellow metal, has a special place in the hearts of investors and Indian households. Traditionally people have used gold as a way to on and preserve wealth from one generation to another. […]
Business
YOFC and China Mobile Debut World’s First 800G Hollow-Core Fibre Transmission Network 134a1k
WUHAN, China, June 17, 2024 — On June 6, Yangtze Optical Fibre and Cable t Stock Limited Company (YOFC), in collaboration with China Mobile, unveiled the world’s first 800G hollow-core fibre transmission test network in […]
Business
Orbbec Gemini 330 Series Stereo Vision Cameras Integrated with NVIDIA Isaac Robotics Platform 75w2v
SHENZHEN, China, June 17, 2024– Orbbec, an industry leader dedicated to 3D vision systems, announced its Gemini 330 series Stereo Vision 3D cameras are now integrated with NVIDIA Isaac Perceptor, a reference workflow for autonomous […]