gold price: Why is gold price rising above $4,800 and will it continue to grow? Full Market Explainer. Here's what should gold investors do now - The Economic Times
Gold prices have climbed above the 4,800 level, driven by a mix of global uncertainty and economic signals. Rising geopolitical tensions, especially involving major global powers, have increased demand for safe-haven assets like gold. At the same time, a weakening US dollar has made gold more attractive for investors using other currencies. Expectations of interest rate cuts by the US Federal Reserve have further supported gold prices, as lower rates reduce the opportunity cost of holding the precious metal. Central bank gold purchases and sustained demand from long-term investors have also contributed to the upward trend. While short-term price corrections are possible due to profit booking, analysts believe gold may remain strong if global risks persist. Experts suggest investors avoid chasing prices aggressively and instead follow a disciplined approach, focusing on long-term goals, diversification, and gradual accumulation to manage volatility effectively.
The Key points
- Gold prices crossed 4,800 amid rising global uncertainty
- Geopolitical tensions boosted safe-haven demand
- Weak US dollar increased gold’s global appeal
- Interest rate cut expectations supported price momentum
- Central banks continued large-scale gold purchases
- Inflation concerns kept investor interest strong
- Short-term volatility possible due to profit booking
- Long-term outlook remains positive, analysts say
- Experts advise staggered investment over lump sums
- Gold helps diversify portfolios during economic instability
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