In a considerable turn of events, the price of Gold (XAU/USD) surged up by an astonishing 19% after facing a historic drop of 21%. Primarily, the uptick is being attributed to a whole spectrum of factors affecting the global market. Investors, fondly referred to as Bulls in the market, are currently eyeing the upswing resistance, in hopes that it would keep spiraling upwards.
Looking at the broader picture, it is evident that the inflationary pressures and the uncertainty lurking with the global economic condition have played their part in bolstering gold prices.
Market enthusiasts and experts are glued to the dynamic market trends, rendering the ongoing situation a slightly bullish market for Gold. Therefore, it is safe to say that ‘All that glitters might be an opportunity to seize in the current market scenario’. Read More
Leave a Reply