INSUBCONTINENT EXCLUSIVE:
The gold market witnessed a notable uptick as investors sought refuge in safe-haven assets
The most liquid gold contract closed 0.42% higher at $2,770.90 per troy ounce on the Comex division of the New York Mercantile Exchange.This
Sprott, a prominent asset management firm, attributes the rise in gold prices to concerns over possible import tariffs.In addition, these
tariffs could be imposed on the precious metal by the Trump administration
independent of other assets and institutions
RHB, another market analyst, suggests that gold could reach up to $2,800 per troy ounce.This bullish sentiment is echoed by Pepperstone,
The firm links this upward movement directly to the increasing trade risks and the growing demand for safe-haven assets.Gold Up Amid Trump
Policy Uncertainties and Safe-Haven Demand
(Photo Internet reproduction)TD Securities expects the price of precious metals to remain strong
The financial services firm anticipates that investors will increase their gold positions in the coming week, regardless of future price
scenarios.They highlight that a weaker dollar and lower interest rates in the United States could attract additional buying activity for the
policies continue to evolve, gold reinforces its traditional role as a safe-haven asset
This development underscores the complex interplay between political decisions and market dynamics in shaping investment strategies.
