Tag: India
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The surge in gold could indicates the beginning of a rally towards a new all-time high.
Traditionally viewed as a safe haven during uncertain times, gold’s recent price surge coincides with heightened geopolitical tensions in the Middle East following a surprise attack by Hamas on Israel. Typically, a robust dollar tends to exert pressure on precious metal prices, given their US dollar denomination. The US dollar index has strengthened by about…
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Buying of gold continues in China and India, but drop in western investors.
In its annual commodities forecast, Citi Research posits that while this physical buying (much of it from Asia) is likely to limit the downside for gold prices over the year, the reasons western buyers (particularly institutional buyers) are getting out of the market are unlikely to change in the near term. The first of these,…
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Who controls the price of gold? Gold market price manipulation in 2022.
There are a number of major anomalies out there in the market. While the fall in gold price for example has encouraged heavy sales from the gold ETFs – or should that be vice versa – for silver, the fall in price seems to have had the opposite effect with ETF holdings booming. Platinum too…