The value of gold has skyrocketed, with prices surging by â¹2,000 this week. This unprecedented jump leads us to two key inquiries – What’s fueling this rise and how should one navigate trading now? nnSeveral factors could be contributing to these inflated rates. Recent geopolitical tensions, uncertainty in global financial markets and the lingering effects of the Covid-19 outbreak have increased the appeal of gold as a ‘safe-haven’ asset. Meanwhile, a weak dollar has also supported higher gold prices. nnNow the question arises, how to trade in such a volatile environment? Patience and careful analysis are crucial. Experts suggest watching the market trends closely and comprehending the inherent risks before investing. Keep a balanced portfolio with an optimal mix of risk and returns, and always beef up your financial knowledge. nnThe current jump in gold prices might be exciting for some, but it’s essential to create a sound investment plan. Read More
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