It is no secret that gold has always been a preferred safe-haven asset for investors worldwide, especially amid global economic uncertainties. In the last year alone, the price of gold has witnessed a monumental surge of 45%. Such bullish sentiment is primarily due to fluctuating market volatilities and geopolitical tensions, encouraging investors to hedge their investments against traditional market volatilities.
The next question on investors’ minds is – ‘Can it rally more?’. The answer is multi-faceted, depending on economic data, investment trends, and global market scenarios. With predictable inflationary pressures and low-interest-rate environment, the potential for gold prices to climb further cannot be completely ruled out.
But, despite the strong performance, it is always recommended that investors base their decisions on logical reasoning, precise market data and, most importantly, risk tolerance. As the old investing adage goes – ‘Don’t put all your eggs in one basket’. Read More
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