Quote on Gold by Mr. Rajkumar Subramanian, Head - Product & Family Office, PL Wealth
Below the Quote on Gold by Mr. Rajkumar Subramanian, Head - Product & Family Office, PL Wealth
‘The domestic bullion market saw some interesting mixed action today as gold prices managed a slight recovery despite a pretty tough global environment. Even with a stronger US Dollar and rising Treasury yields trying to cap its gains, local spot gold and MCX futures managed to hold their ground quite well. The big thing keeping investors glued to their screens right now is the upcoming US-Iran peace framework signing scheduled for Friday in Switzerland. While the potential deal is already cooling off global crude prices, gold is holding onto its safe-haven appeal because buyers are still highly cautious ahead of the upcoming US Federal Reserve monetary policy meeting. For local buyers and long-term investors, this steady resilience shows that gold is firmly holding its position as a go-to safety asset whenever global macro trends start shifting unpredictably.’
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