Quote on the Gold and Silver price movements by Satish Dondapati, Fund Manager, Kotak Mahindra AMC
Below the Quote on the Gold and Silver price movements by Satish Dondapati, Fund Manager, Kotak Mahindra AMC
This year Gold and Silver prices have experienced significant movements due to ongoing trade tensions, rate cuts expectations, geopolitical uncertainties and weakening dollar. So far gold has soared over 25%, including a 6% gain since 2nd April post tariff announcement by US. Going forward gold will remain strong in the short term if trade tension escalates. However, long-term outlook remains bullish, supported by strong central bank purchases and geopolitical uncertainties. While lately silver prices have experienced some volatility but the long-term trend remains upward, supported by industrial demand, lower interest rates expectations and continued economic uncertainties.
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