Biz Pulse: Gold Shines Bright Amid Growing Global Turmoil, The Reasons| Oneindia News

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Gold prices have surged over 15% in the last three months, making it the best performing asset class since the beginning of 2024. Similarly, silver has delivered returns of over 13% since January 1. Citigroup forecasts gold to reach $3,000 per ounce over the next 6-18 months, driven by inflation and expectations of monetary easing. Geopolitical tensions in the Middle East and Ukraine further bolster gold prices.          #Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews                  ~HT.178~ED.194~GR.124~

Transcript

00:00 Gold prices have risen more than 15% in last 3 months.

00:04 Let us talk about what is next for gold.

00:08 If you have invested in gold, the returns have never been so good.

00:12 The yellow metal has risen more than 15% in the past 3 months and it has emerged as the

00:18 best performing asset class since the beginning of 2024.

00:22 Silver too gave more than 13% returns since 1st January.

00:28 Gold prices worldwide has broken all barriers and cities analysts now say that they project

00:34 gold to rise to $3000 per ounce over the next 6-18 months.

00:40 This is driven by persistent inflation and the anticipation of monetary easing by major

00:46 central banks.

00:47 The situation is further compounded by geopolitical unrests in the Middle East and Ukraine, contributing

00:54 to a surge in gold prices.

00:56 Historically, high interest rates have made gold a less appealing investment.

01:01 However, the narrative now has shifted, with the US Federal Reserve adopting a less aggressive

01:08 stance and hinting at potential cuts.

01:12 Investing in physical gold presents challenges, including high making charges for jewelry

01:17 that significantly erode potential returns, concerns over purity and the risks and costs

01:24 associated with storage.

01:26 And despite potential price increases, the resale value may not compensate for the initial

01:31 purchase cost.

01:32 The evolving landscape of gold investment presents a complex interplay of factors for

01:38 investors to consider.

01:40 The shift in monetary policy, alongside the enduring allure of gold as a hedge against

01:45 inflation and geopolitical uncertainty, underscores the metal's resilience as an asset class.

01:53 As market conditions and investment strategies continue to evolve, the age-old advantage

01:59 of diversification remains a fundamental principle guiding investors' decisions in the pursuit

02:05 of financial security and growth.

02:11 [BLANK_AUDIO]

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