Data from Moneycontrol indicates that global gold benchmarks have risen by 9-10% since the end of July, with MCX gold futures seeing an increase of roughly 8%. Analysts attribute this upward trend to the anticipation of a more relaxed approach from the US Federal Reserve as inflation eases, alongside increased geopolitical tensions. Although the current market trend is positive, experts have warned that a brief decline in gold prices may occur in the near future.
by shortkt.com✓