Gold is rising again. Is now the time to invest in it for big returns?

Gold is rising again. Is now the time to invest in it for big returns?

The last few weeks have been a roller coaster ride for gold. A breathtaking rally to new highs followed by a bone-crunching decline in double quick time. The volatility could spook an average investor. But as Colonel Hannibal Smith (Liam Neeson) often advocates in the Hollywood blockbuster The A-Team – “no matter how random things may appear, there is always a plan!” Nothing happens in financial markets without a reason, and the reason is always financial. The wild ride in gold is going as per plan. The plan is to shake off weak hands and accumulate gold on declines.

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Gold Price Recovers Further to Nearly $2,636 on the Fresh Escalation in the war Between Russia and Ukraine

Gold Price Recovers Further to Nearly $2,636 on the Fresh Escalation in the war Between Russia and Ukraine

Gold price (Yellow Metal), Silver (XAG/USD) extends its recovery for a 2nd consecutive day, trading around $2,636 in European hours on Tuesday, as Ukraine has already launched US-made ATACMS ballistic missiles into Russia, according to reports from local media RBC citing a source from the Ukrainian Armed Forces. The move has escalated fears of a nuclear war, prompting investors to flee towards safe-haven assets such as Gold.

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Gold Forecast: Prices rise as China buys gold

Gold prices fell to a one-week low in line with US Inflation data

Safe-haven gold prices may get some support from the slight decline in the US dollar (USD) along with the risk of further escalation of geopolitical tensions in the Middle East. Traders may also avoid placing aggressive bets ahead of the release of the FOMC meeting minutes on Wednesday. In addition, the US Consumer Price Index (CPI) and the US Producer Price Index (PPI) to be released on Thursday and Friday should provide fresh momentum to Yellow Metal.

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Gold Silver price today: त्योहारों और शादी सीजन से पहले सोना-चांदी महंगा! इस महीने सोना अबतक 3,000 रुपये चढ़ा

Gold Silver price today: त्योहारों और शादी सीजन से पहले सोना-चांदी महंगा! इस महीने सोना अबतक 3,000 रुपये चढ़ा

Gold Silver and Wedding Season: त्योहारों और शादी का सीजन शुरू होने से पहले ही सोने (gold) और चांदी (silver) की कीमतों में जोरदार तेजी देखने को मिल रही है, घरेलू बाजार में सोना रिकॉर्ड स्तरों के बेहद करीब पहुंच गया है. मल्टी कमोडिटी एक्सचेज (MCX) पर सोने का अक्टूबर वायदा 340 रुपये की मजबूती के साथ 74,600 के पार निकल गया है. सोमवार को सोना 74,295 रुपये प्रति 10 ग्राम पर बंद हुआ था.

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