MCX Gold futures, October scaled lifetime highs of ₹ 56,191 per 10 gram on Friday, before succumbing to marginal profit-booking to end the session lower by nearly ₹ 1,000 at ₹ 54,876 per 10 gram.
gold investments
Gold Is One Wealth Fund’s Escape From Geopolitics, Credit Risk
Known as Sofaz, the fund is looking to almost double its holdings of the precious metal in 2019 to 100 tons after resuming purchases in 2018 following a five-year break.
Fed, ECB To Define Gold Prices Near Term Target – Analysts
Gold Silver Reports (GSR) – Fed, ECB To Define Gold Prices Near Term Target – Many analysts have noted that gold has followed a well-established pattern: selling off before an expected rate hike to then rise once the dust has settled. The question on many investor’s minds is whether or not this pattern will hold next week as inflation picks up as the U.S. economy continues to grow at a steady clip.