Gold remains in the news cycle due to the latest rally in its prices. On Monday, international gold prices reached yet another high, surpassing USD 3,400 per ounce.
This sharp rally is attributed to a combination of heightened geopolitical risks, trade tensions--particularly between the U.S. and China--and a surge in safe-haven demand from both institutional and retail investors, Motilal Oswal Financial Services Ltd (MOFSL) said in a report.
The Reserve Bank of India (RBI) reported a sharp rise in the value of its gold reserves for the week ending April 11, reflecting a global surge in gold prices.
There's no looking back for safe-haven gold amid the global trade uncertainties that have emanated from Trump administration's reciprocal tariffs and Chinese counter tariffs.
The uncertainties around Trump's reciprocal tariffs plan and its subsequent announcement this week have come as a jab in the arm for international gold prices, which have been moving northwards for a considerable period.
Gold prices could potentially reach USD 3,500 per ounce in the next 18 months if non-commercial purchases increase by 10 per cent, according to a report by BofA Global Research.
US tariff uncertainties are likely to push gold prices to Rs 87,000- Rs 90,000 in the first half of the calendar year 2025 (January- June), according to a report by ICICI Bank Global Markets.
Gold prices inched higher on Wednesday, climbing to a new high. According to publicly available data, international gold prices stayed above the physiologically relevant USD 3,000 per ounce mark.
Bangalore (Karnataka) [India], March 18: With gold prices at an all-time high, Tanishq, India's largest jewellery retail brand from the House of Tata, presents its 'Tanishq Gold Exchange Program', offering customers an unparalleled opportunity to maximize the value of their gold. Whether it'
Gold's recent rally has been remarkable, with prices surging from USD 2,500 to USD 3,000 in just 210 days. This is a much faster increase compared to historical trends, where it has typically taken an average of 1,700 days for gold to rise in USD 500 increments.
Core inflation edged higher in February, mainly due to a surge in gold prices, but the stabilization of global edible oil prices and expectations of a normal monsoon suggest a favourable food inflation trend in the coming months.
Gold prices have been on an upward trend, with February seeing multiple new highs before pulling back to end the month at USD 2,835 per ounce, marking a 0.8 per cent increase, according to the WGC.