Gold price outlook: Gold up 10% in 2023 so far; will the yellow metal continue shining in medium term?4 min read 16 May 2023, 07:33 PM IST
Gold is considered as a hedge against inflation. People buy gold in times of high inflation for saftey of their investment which boosts gold prices.
Gold has been one of the best asset classes in 2023 so far and barring intermittent profit-booking, the yellow metal may continue enjoying investors' favour this year mainly because of the uncertainty around global economic growth.
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