Gold price dips after testing 19-month high. Will it climb to a new high?
- Gold price today: Besides the geopolitical risks, continued economic sanctions on Russia, and spiraling energy costs will have a negative effect on the global economic growth and prompt a flight to safety in gold, believe experts
Gold price today: After inching close to its life-time high of $2075 per ounce levels, spot gold price witnessed profit-booking and the yellow metal came down below $2000 level. MCX gold rate also came down below ₹53,000 after ascending above ₹55,000 per 10 gm levels last week. According to commodity market experts, this sharp rise in precious billion metal price was mainly due to the escalating geopolitical tension caused by Russia-Ukraine war. They said that underlying tone for gold price is still positive and strong buying interest may occur at lower levels.
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