International Gold prices are hovering above 2370 and on MCX Gold has crosssed 72000 levels. With geopolitical tensions on the rise and central banks all over the world deciding to increase their gold holding – how much farther can gold move.
Adding to the Golds’ investment appeal could be weakening of INR vis a vis USD. Another conundrum remains on picking between GOLD and SILVER. Well so far – GOLD seems to be winning hands on against silver. Will it sustain or silver emerge as winner. These are the asnwers which investors need to decipher. Meantime Goldman Sach has come out with a price target of 2700 $ on GOLD. Read more on it on this money control news link
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